WazirX

The decentralized exchange and staking platform MonoSwap advised users not to stake or deposit funds at this time due to a serious security issue that was revealed on July 24, 2024. 
The company made a post on X about this breach, asking players to stop staking and adding money, as well as to take everything they have out right now to prevent any losses. This alert, which advised users not to click with a specific harmful link, was sent in response to a malicious hack that MonoSwap discovered in a social network post. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨 ALERT: MonoSwap has been hacked. DO NOT add liquidity or stake in our farming pools at the moment. If you have any staked positions, please withdraw immediately to avoid funds loss. Yesterday, one of our developers installed a phishing app to join a call with scammers who…— MonoSwap (@monoswapio) <a href="https://twitter.com/monoswapio/status/1816151998267547851?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 24, 2024</a>
 </blockquote> 
 </div>
</figure> 
On July 23, 2024, a developer installed a phishing program by mistake and fell for a call from con artists acting as venture capitalists, which resulted in a security breach. 
During the chat, the fraudsters infected the developer’s machine with malware, which allowed them access to MonoSwap’s wallets and contracts. As a result, the majority of the platform’s staked liquidity was taken by the hackers. 
MonoSwap is researching the breach at this time and speaking with venture funders to resolve the issue and regain confidence. The platform expressed recognition of the incident’s seriousness and its commitment to finding a solution. 
Bobby Ong, the COO and co-founder of CoinGecko, recently alerted users to the rise in cryptocurrency breaches and that they exercise caution. According to him, the increase in assaults was caused by Google selling its domain business to Squarespace, which removed two-factor authentication and left security holes. 
Onchain detective ZackXBT informed the public that visitors to Compound Finance’s website were being sent to a phishing website. Since then, the problem has been fixed. 
The Indian cryptocurrency exchange <a href="https://www.cryptotimes.io/2024/07/18/half-of-investors-funds-gone-from-wazirx-in-massive-breach/">WazirX suffered a $235 million</a> loss due to a cyberattack on July 18, 2024. The Lazarus hacker organization based in North Korea is thought to be connected to the attack. 
The MonoSwap hack underscores the growing security risks in the crypto industry. Users are advised to remain vigilant and follow security best practices to protect their assets.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/23/dydx-v3-website-hacked-users-urged-to-stay-away-from-site/" target="_blank" rel="noreferrer noopener">dYdX v3 Website Hacked, Users Urged to Stay Away from Site</a> 
</blockquote>

MonoSwap Hack: Users Advised to Stop Staking and Withdraw Funds

The Crypto Times

2024년 7월 24일에 게재된 다른 기사

Senator Cynthia Lummis calls Biden’s Bitcoin mining tax senseless

New Solana Memecoin Trump Fired Biden Will Explode 17,000% Before First Exchange Listing, As SHIB...

Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry

Arbitrum Attracts Over 48% Of Assets From Ethereum: Why Is ARB Down 68% In 7 Months?

Ether ETFs Debut with $1.08B in Trading Volume, Attracts $106M in Net Inflows

Kamala Harris Team Reaches Out to Mark Cuban for Crypto Policy Discussions

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!