REKT Incident

OKLink Security Monthly Report: In October, the total losses across the network amounted to approximately $181 million, an increase of 38.9% month-on-month

ChainCatcher news, OKLink released the October 2024 security monthly report, stating that the cumulative losses from on-chain security incidents across the network amount to approximately $181 million. Losses from phishing scams account for 23.94% of the total losses, totaling about $43.53 million. REKT incidents account for 35.92% of the losses, totaling about $65.32 million.On October 11, a user on Blast lost 15,079 fwDETH after signing a phishing "permit" signature, worth approximately $35 million. On October 16, multiple multi-signature wallets of Radiant Capital were attacked, with the attacker injecting malware into hardware wallets, compromising several developers' hardware wallets. The attack process was so covert that the front end of the Gnosis Safe multi-signature wallet displayed legitimate transaction data, while the back end was simultaneously signing and executing tampered transactions, ultimately leading to losses of about $58 million.In this month's security incidents, the methods of attack are constantly evolving. OKLink reminds users to be particularly vigilant against phishing attacks involving "permit" and "approve" authorizations on social platforms, as these types of attacks have occurred frequently this month. When performing on-chain operations, it is essential to carefully verify the receiving address and not to easily trust the addresses in transaction records, as they may have been replaced by hackers. For multi-signature wallets, it is crucial to strictly protect the security of private keys, and when handling emails related to crypto assets, carefully verify the sender's identity and the authenticity of the content, and learn to use Web3 on-chain tools to mitigate risks.

OKLink May Security Monthly Report: In May, the total losses across the network amounted to approximately $140 million, with losses from phishing incidents exceeding half, accounting for 60.08%

ChainCatcher news, OKLink released the May 2024 security report, which indicates that the total losses from on-chain security incidents across the network in May amount to approximately $140 million. Among these, phishing incidents account for 60.08% of the losses, REKT incidents account for 16.89%, and RugPull incidents account for 1.37%.The largest security incident this month in terms of REKT losses was the attack on Sonne Finance, resulting in losses of approximately $20 million. The reason was that the protocol added a new VELO market through voting, but the project team failed to add initial funds to the VELO market in a timely manner, allowing hackers to exploit a classic rounding issue to manipulate the collateral rate of the VELO market for profit.In addition, there were a total of 27 incidents of scams and phishing attacks on official social media, primarily concentrated on X, Discord, and various phishing websites. The losses from security incidents this month increased by 27.27% compared to the previous month. OKLink reminds users to pay attention to the protection of personal information, never disclose your private keys or mnemonic phrases, and avoid storing them simply through screenshots. Furthermore, when transferring funds, be sure to carefully verify the recipient's address, and confirm its accuracy when copying directly from transaction records or chat logs. Security awareness is the strongest shield in the Web3 world.

OKLink April Security Monthly Report: The total loss across the network in April was approximately $110 million, a decrease of 42.11% compared to March

ChainCatcher news, OKLink released the April 2024 Security Monthly Report, which indicates that the total losses from on-chain security incidents in April across the network amounted to approximately $110 million. Among these, phishing incidents accounted for 7.67% of the losses, REKT incidents accounted for 43.90%, and RugPull incidents accounted for 44.07%.It is reported that the largest security incident resulting in REKT losses this month was the attack on Hedgey Finance, which resulted in losses of approximately $44 million due to a vulnerability in the contract that lacked validation of user inputs, leading to the theft of assets from the contract; the largest security incident resulting in RugPull losses was the RugPull incident at the crypto gambling platform ZKasino, causing losses of approximately $33 million.In addition, there were a total of 32 incidents of scams and phishing attacks on official social media, primarily concentrated on channels such as X, Discord, and various phishing websites. OKLink reminds users to avoid disclosing their private keys or recovery phrases to anyone, and not to store them in screenshot form. Furthermore, it is essential to exercise caution when downloading software to prevent devices from being compromised by malware, which could lead to the leakage of private keys or recovery phrases. Security awareness is the strongest shield in the Web3 world.
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