Cryptocurrency
[loss] $6M+
"Social Money Platform Roll Hacked For $5.7M as Social Tokens Dump"
Primary Source ↗Financial Loss
$5.7M
(5,700,000 USD)
Blockchain(s)
Ethereum
Incident Details
Private keys for hot wallets on the Roll network were compromised, allowing the theft of around $5.7 million from various “social tokens”. “Friends With Benefits”, an a16z-backed DAO with an associated token that allows those who are approved by the DAO and can afford the ~$8,000 entrance fee access to exclusive parties, was one of the tokens affected, and it tanked in value by about 96%. Roll apologized and announced a fund to help those affected, though the $500,000 fund was only a small fraction of the money lost.
Total loss estimated at $5,700,000.
Technical Details
- Initial Attack Vector
- Private key compromise
- Vendor / Product
- Roll
Timeline
- 2021-03-14 Breach occurred
- 2021-03-14 Publicly disclosed