Data leak
[loss] $707,000
Tweet by QANplatform
Primary Source ↗Financial Loss
$707,000
(707,000 USD)
Incident Details
The $QANX token for the QAN project suddenly plummeted in value as an attacker stole more than 4 million QANX from the project. The attacker subsequently swapped the tokens for around 370 ETH ($707,000). In a video posted to Twitter, the project CEO stated that it was “definitely a bridge issue”, and that they’d shut down the project’s bridge. They also said they had contacted exchanges to freeze the wallets that had been involved in the “issue”.QAN describes itself as a blockchain that helps “resist quantum attacks”, though apparently not the types of bridge attacks that have become fairly common in the past year or so.
Total loss estimated at $707,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- QAN bridge
Timeline
- 2022-05-18 Breach occurred
- 2022-05-18 Publicly disclosed