Cryptocurrency [loss] $4M+

Tweet thread by CertiK Alert

2022-04-07 [vendor] Starstream [chain] ethereum
Primary Source ↗
Financial Loss $4.0M (4,000,000 USD)
Blockchain(s) Ethereum

Incident Details

Starstream, a defi project built on the Andromeda layer 2 Ethereum protocol, had its treasury drained. Blockchain security company CertiK reported that the treasury appeared to have contained around $4 million in STARS, all of which was stolen. Shortly after the hack, the attacker transferred 900 ETH ($2.9 million) to a crypto tumbler. Starstream had been audited by two security firms prior to the exploit.

Total loss estimated at $4,000,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Starstream

Timeline

  1. 2022-04-07 Breach occurred
  2. 2022-04-07 Publicly disclosed