Cryptocurrency [loss] $78,000

Tweet thread by BlockSecTeam

2022-03-09 [vendor] Pirate X Pirate [chain] bsc
Primary Source ↗
Financial Loss $78,000 (78,000 USD)
Blockchain(s) Bsc

Incident Details

The Pirate X Pirate blockchain gaming platform was exploited, with an attacker selling of more than 9.6 million $PXP. They were able to dump the tokens into the market for a profit of around 212 BNB ($78,000). In a blog post following the incident, Pirate X Pirate wrote, “Such attack could happen due to the team’s utter carelessness to launch the conversion feature despite of its vulnerability. We deeply regret bypassing the inspection that should have been done by a white hat hacker as we intended to roll out the feature long-suspended as fast as we could. We have decided to dismiss our current developer team and are currently in the process of recruiting a new team to assume the responsibilities.” They also announced that they had bought back the total $PXP that were stolen, and would be undergoing an audit.

Total loss estimated at $78,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Pirate X Pirate

Timeline

  1. 2022-03-09 Breach occurred
  2. 2022-03-09 Publicly disclosed