Data leak
[loss] $750,000
"Analysis of the MOBOX Security Breach"
Primary Source ↗Financial Loss
$750,000
(750,000 USD)
Incident Details
The decentralized lending protocol, MOBOX, was exploited on March 14, 2024 after an attacker was able to take advantage of a bug in its referral program and borrowing functionality. By repeatedly borrowing funds and earning rewards, they were able to drain around $750,000 in USDT.
Total loss estimated at $750,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- MOBOX
Timeline
- 2024-03-14 Breach occurred
- 2024-03-14 Publicly disclosed