private key leak

OKLink Annual Security Report: In 2024, losses across the network due to private key leaks decreased by 65% compared to the previous year, thanks to the indispensable role of on-chain tools

ChainCatcher news, OKLink has officially released the 2024 Security Annual Report, which states that the cumulative losses from on-chain security incidents across the network amount to approximately $1.945 billion. The losses due to private key leaks have decreased by 65.45% compared to 2023, totaling about $305 million, which accounts for 16% of the total losses. Among these, phishing scams caused losses of $705 million, accounting for 36% of the total losses. REKT incidents and RugPull incidents caused losses of $383 million and $141 million, respectively.Mainstream public chains remain the primary targets for hacker attacks, with losses for major public chains such as BTC, ETH, and ARB reaching $744 million, $902 million, and $228 million, respectively. In 2024, OKLink continues to make efforts, providing core technical support to over 120 municipal-level units and successfully assisting in handling more than 300 cases, with a total amount involved of approximately $685 million.At the same time, OKLink also offers a variety of on-chain security tools and features, such as address monitoring and token authorization queries, helping users quickly check and manage the assets authorized to smart contracts by addresses, identify suspicious transactions and addresses, thereby preventing fraudulent transactions.

DeBox operating account private key leaked, resulting in a loss of over 4.87 million BOX and 31 ETH

ChainCatcher news, DeBox officially announced that due to the leakage of the private key of the EOA wallet of the DeBox operational account, 31.03 ETH and 4.879 million BOX were stolen. The official emphasized that this incident is unrelated to the asset security of platform users, and the community can rest assured.The response plan includes:Stabilization Fund Buyback: The stabilization fund will be used to buy back the stolen tokens from exchanges, expected to be completed within a week.Token Distribution: All repurchased tokens will be injected into the BOX DAO asset pool, with specific uses to be decided by community voting.Account Security Upgrade: Once the DeBox App supports multi-signature login, the operational account will be migrated to a multi-signature wallet.Tracking and Accountability: A professional security company has been commissioned to conduct investigations and asset tracking, with progress updates to be provided regularly. Any recovered assets will be managed through BOX DAO voting.The DeBox team stated that they will continue to track the theft address and reserve the right to take legal action, while also committing to continue building an open, transparent, and sustainable ecosystem.Previous news, the DeBox project has dropped over 30% in the past 24 hours, with Uniswap V2 pool liquidity remaining at only $2,900, and total on-chain liquidity around $10,000.

OKLink Security Monthly Report: In July, the total losses across the network amounted to approximately $290 million, with losses due to private key leaks accounting for 88.31% of the total losses

ChainCatcher news, OKLink released the July 2024 security report, stating that the cumulative losses from on-chain security incidents across the network amount to approximately $290 million. Losses due to private key leaks account for 88.31% of the total losses, phishing incidents account for 3.03%, REKT incidents account for 7.33%, and RugPull incidents account for 1.31%.On July 18, the private key of the WazirX exchange's multi-signature wallet was leaked, resulting in a loss of approximately $235 million, making it the largest security incident in July. On July 16, the LiFi Protocol cross-chain bridge aggregation protocol was attacked, leading to a loss of about $10 million. The attacker exploited a vulnerability that allowed arbitrary calls to steal assets authorized by users of this contract.In addition, there were a total of 14 incidents of scams and phishing on official social media, resulting in losses of approximately $3.89 million, a decrease of 81.34% compared to June. OKLink reminds users not to disclose your private keys or mnemonic phrases to anyone, not to click on unverified links, and to learn how to use Web3 on-chain tools to mitigate risks. This is an important line of defense in protecting yourself in the Web3 world.

Beosin: The leakage of the administrator's private key of the multi-signature wallet on the Indian exchange WazirX has led to asset theft

ChainCatcher news, according to Beosin Alert monitoring, it was discovered that the Indian exchange WazirX was attacked. The attacker obtained the signature data of the multi-signature wallet administrator of the exchange, modified the logic contract of the wallet, and executed incorrect logic to steal assets.Attacker address: 0x6eedf92fb92dd68a270c3205e96dccc527728066Attacked address: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4Based on the attacker's behavior, it is speculated that the reason is the leakage of the multi-signature wallet administrator's private key. Beosin summarizes the cause of the attack as follows:The attacker deployed the attack contract: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4. The function of this contract is to extract the token assets specified by this contract.The attacker obtained the signature data of the WazirX multi-signature wallet administrator and modified the wallet's logic contract to the already deployed attack contract. The corresponding transaction is:https://etherscan.io/tx/0x48164d3adbab78c2cb9876f6e17f88e321097fcd14cadd57556866e4ef3e185dThe attacker submitted a token withdrawal transaction to the WazirX multi-signature wallet. Due to the proxy model mechanism, the wallet contract will use delegatecall to invoke the relevant functions of the attack contract, transferring the wallet's tokens.The flowchart of the stolen funds shows that, so far, the hacker has transferred part of the funds to Changenow and Binance exchanges.
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