Web3 Cybersecurity Firm SlowMist Weekly Security Report
Overview of Incidents
SlowMist’s weekly security report covered incidents that occurred between November 5 and November 11, identifying nine exploits and scams resulting in a financial loss of $138,522,643.
The most significant security incident of the past week was the hack of Poloniex, a cryptocurrency exchange that has been in operation since 2014. SlowMist identified a total loss of nearly $100 million resulting from the hack.
Despite the significant impact on Poloniex, Justin Sun, from the Tron platform, asserts that the exchange’s team plans to compensate its users for the hack. Additionally, a seven-day period has been offered to the Poloniex hacker to consider a 5% bug bounty proposal.
SlowMist’s report also highlighted other significant incidents that occurred last week, including the exploit of a contract vulnerability in the Raft protocol, the theft of nearly $2.152 million from MEV Robot, and the attack on CoinSpot, resulting in a loss of $2 million. The hack of TrustPad, a launchpad for gaming, DeFi, and AI projects, was also mentioned, with financial damage not yet disclosed.
According to the cybersecurity firm Beosin, TrustPad experienced an attack on November 6, resulting in a loss of at least $155,000.
The most significant fraud that occurred last week was the fake Ledger Live Web3 scam, enabling malicious actors to steal $588,000. Additionally, the deployers of God of Wealth (GOW39) executed a rug pull, making off with $206,251.
Full report can be found here.
### News source: coinpaper.com