DeFi aggregator raided by five hackers on launch day

DeFi aggregator raided by five hackers on launch day

Fledgling decentralized finance protocol ForceDAO has had a rough start, with several incursions from hackers taking place just hours after it launched.

The Ethereum-based yield aggregator had only just launched its airdrop campaign on April 3 when four malicious “black-hat” hackers managed to drain a total of 183 ETH worth approximately $367,000 at the time. One friendly “white-hat” hacker alsassisted the team by alerting them to prevent further losses.

The team has released a post-mortem of the attacks and taken responsibility for what it termed as an “engineering oversight.”


Trending: Terrifying video shows child being dragged under Peloton treadmill

To the Force and DeFi community, we’d like to share a post-mortem on the recent xFORCE exploit.

Thanks to everyone technical and non-technical who helped along the way.

Especially to the White Hat who helped deter FORCE getting drained.

— Force (@force_dao) April 4, 2021

Following the incursion, the team made a decision to transfer 60 million FORCE tokens from the treasury multi-signature wallet into a deployer wallet to create and execute three votes that would effectively

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend