Ethereum

<p>A layer 1 blockchain Shido token experienced over 90% drop in just 30 minutes after an <a href="https://optimisus.com/news/crypto-news/co-founder-of-axie-infinity-losses-over-9-7-million-worth-of-ethereum-to-hackers/" rel="noopener noreferrer nofollow">exploit</a>, according to blockchain security firm PeckShield.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/peckshield/status/1763055206672048603?s=20
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<p>Furthermore, <a href="https://optimisus.com/news/crypto-news/this-play-and-own-mobile-gaming-platform-gamee-loses-over-14-million-to-hackers/" rel="noopener noreferrer nofollow">the attacker</a> transferred the Ethereum staking contract to another address and upgraded it with a hidden function to withdraw staked tokens.</p>  
<p>The blockchain security and data analytics company, PeckShield, reported that the hacker had withdrawn over 4.3 billion Shido tokens, nearly half of the nearly 9 billion circulating token supply.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/WazzCrypto/status/1763045588948472302?s=20
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<p>It is reported that the hacker funded the attack using multiple bridges but couldn't further track the pilfered funds.</p> 
<p>The post <a href="https://optimisus.com/news/crypto-news/shido-token-drops-by-90-as-exploiter-drains-ethereum-staking-contract/" rel="noopener noreferrer nofollow">Shido token drops by 90% as exploiter drains Ethereum staking contract</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.</p>

Shido token drops by 90% as exploiter drains Ethereum staking contract

Optimisus

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