Data leak [loss] $3M+

"Crypto Protocol Publicly Announces Flaw, Users Relentlessly Owned by Hackers"

2022-01-19 [vendor] Multichain
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

  1. 2022-01-19 Breach occurred
  2. 2022-01-19 Publicly disclosed