Cryptocurrency
[loss] $2M+
friesDAO
Primary Source ↗Financial Loss
$2.3M
(2,328,659 USD)
Blockchain(s)
Ethereum
Incident Details
friesDAO describes itself as a “a decentralized social experiment where a crypto community builds and governs a fast food franchise empire via wisdom of the crowd”. Welcome to the future.Anyway, friesDAO seems to have fallen victim to the same Profanity vulnerability that has affected projects who used the tool to generate vanity wallet addresses. friesDAO wanted a wallet address beginning with 51D35 (“SIDES”), and as a result they opened themselves up to a major loss.The project had previously announced that they had raised $5.4 million in funding, suggesting this attack drained almost half of the project’s funds.
Total loss estimated at $2,328,659.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- friesDAO attack
Timeline
- 2022-10-27 Breach occurred
- 2022-10-27 Publicly disclosed