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Hacker Accidentally Leaves $1M Stolen Crypto In Attack Contract

Published 22/04/2022, 05:14
© Reuters. Hacker Accidentally Leaves $1M Stolen Crypto In Attack Contract
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The hacker behind a recent DeFi exploit appears to have forgotten to transfer the stolen funds out of the attack contract.

What Happened: DeFi lending protocol Zeed (CRYPTO: YEED) was the victim of the latest exploit where bad actors managed to extract funds from the protocol by exploiting a vulnerability in the code.

The exploit resulted in the price of YEED crashing to zero and the hacker gaining $1 million in profit.

Blockchain security firm PeckShield pointed out the attacker had not transferred the funds out of the attack contract before calling the “self-destruct” function. Essentially, this means that the stolen cryptocurrency is permanently and irreversibly stuck in the attack contract.

See Also: A Person Behind $611M DeFi Hack Reveals Their Identity In Careless Mistake

What Else: DeFi exploits are a somewhat common occurrence in the crypto space. Earlier this week, Ethereum (CRYPTO: ETH) based DeFi protocol Beanstalk Farms saw $182 million worth of funds drained from its platform.

The attackers executed a flash loan exploit and made a profit of $80 million. The majority of stolen funds were sent to be laundered through coin mixing tool Tornado Cash (CRYPTO: TORN), while $250,000 was sent to Ukraine’s crypto donation wallet address.

Read Next: BEST DEFI YIELD FARMS

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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