Hacker Siphons Tæt på $300K i OHM-tokens fra Olympus DAO

På fredag, oktober 21, en ondsindet enhed sugede 30,437 OHM-tokens fra Olympus DAO efter at have fundet et smuthul i rebase-projektets smarte kontrakt. Efter udnyttelsen, blockchain-sikkerheds- og dataanalysevirksomheden, Peckshield, detailed the hackers stole close to $300K in OHM tokens.

Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM Tokens Stolen

After rising to colossal values at the end of 2021, det rebase token economy has collapsed in value, after a myriad of controversies and issues. In mid-January 2022, the top rebase tokens by market capitalization had a market valuation of around $4.99 milliard and today, the rebase token economy is down 89.49% til $524 million.

I oktober 21, the top rebase token project by market valuation, Olympus, suffered from a hack that saw roughly $292K in OHM tokens stolen. På fredag, blockchain security firm Peckshield detailed that the hacker found a loophole via the project’s smart contract “BondFixedExpiryTeller” parameter.

“It seems the related Olympus DAO’s BondFixedExpiryTeller contract has a redeem() function that does not properly validate the input, resulting in [og Messari] ~$292K loss,” Peckshield detailed på fredag. The Web3 and blockchain security auditor Supremacy Inc. confirmed that the attacker leveraged an “arbitrary external call vulnerability” to siphon the 30,437 OHM tokens from the DAO.

The developers behind the Olympus rebase token project validated the $300K loss reports via the project’s Discord channel. “This morning, an exploit occurred through which the attacker was able to withdraw roughly 30K OHM ($300K) from the OHM bond contract,” the Olympus DAO devs told the members of the Discord channel.

The olympus (OHM) token is down roughly 1.2% following the hack, and is trading for just under $10 pr. enhed. Seven-day stats show OHM is down 3.3% and year-to-date, OHM has lost 99% in value against the U.S. dollar. The token tapped a lifetime low on September 19, 2022, på $9.04 per unit and today, the price is roughly 9.3% higher than the all-time low.

At the end of September, Olympus DAO forklaret in a thread how the project would do away with its high annual percentage yield (marts), which was leveraged to bootstrap the protocol and initialize OHM’s tokenomics.

What do you think about the Olympus DAO hack? Let us know your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman er nyhedschef hos Bitcoin-Tidings.com News og en finansteknologisk journalist, der bor i Florida. Redman har været et aktivt medlem af cryptocurrency-fællesskabet siden 2011. Han har en passion for Bitcoin, åben kildekode, og decentrale applikationer. Siden september 2015, Redman har skrevet mere end 6,000 artikler til Bitcoin-Tidings.com Nyheder om de forstyrrende protokoller, der dukker op i dag.

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