Data leak
[loss] $3M+
"Crypto Protocol Publicly Announces Flaw, Users Relentlessly Owned by Hackers"
Primary Source ↗Financial Loss
$3.0M
(3,000,000 USD)
Incident Details
Multichain publicly announced a vulnerability that was affecting their tokens, without first notifying users to ask them to remove vulnerable funds. Several hackers quickly exploited the vulnerability, stealing around $3 million from the platform. Security researchers described the saga as “the worst way to treat a vulnerability”.
Total loss estimated at $3,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Multichain
Timeline
- 2022-01-19 Breach occurred
- 2022-01-19 Publicly disclosed