Cryptocurrency [loss] $6M+

"Social Money Platform Roll Hacked For $5.7M as Social Tokens Dump"

2021-03-14 [vendor] Roll [chain] ethereum
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

  1. 2021-03-14 Breach occurred
  2. 2021-03-14 Publicly disclosed