Data leak
[loss] $3M+
"Socket, Bungee Restart Operations After Apparent $3.3M Exploit"
Primary Source ↗Financial Loss
$3.3M
(3,300,000 USD)
Recovered
$2.3M
Affected
700
individuals/accounts
Incident Details
The Socket cross-chain infrastructure protocol was hacked for around $3.3 million in an attack that exploited its Bungee bridge. The thieves were able to exploit a bug that allowed them to take assets from those who had granted approval to a portion of the system called SocketGateway.A little over 700 victims were affected, and the highest loss from a single wallet was around $657,000. 121 wallets lost assets priced at more than $10,000.On January 23, the protocol announced they had recovered 1,032 ETH (~$2.23 million) of the stolen funds.
Total loss estimated at $3,300,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Socket
Timeline
- 2024-01-16 Breach occurred
- 2024-01-16 Publicly disclosed