AirDAO suffers exploit, hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

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A community-governed layer one blockchain AirDAO has reportedly suffered a hacker assault, leading to a lack of 126.5 ETH and 41.61 million AMB tokens.

The AirDAO crew disclosed in an X put up on Mar. 21 that the challenge had fallen sufferer to a hacker assault, resulting in a lack of 35.2 million AMB tokens and 125.51 ETH from its AMB/ETH Uniswap pool.

Whereas the precise technique of the assault stays undisclosed, the crew revealed that the perpetrator gained unauthorized entry “utilizing a social engineering rip-off with malicious attachments in an e-mail presenting to be one in every of our identified companions.”

“This was an remoted theft of the liquidity pool. This doesn’t have an effect on customers’ funds on the AirDAO blockchain or exchanges, and the AirDAO multisig can be unaffected.” AirDAO

In a bid to expedite the restoration course of, AirDAO has provided the hacker a white hat hacking payment of 10% if the stolen funds, totaling almost $870,000, are returned promptly. Nonetheless, if cooperation shouldn’t be forthcoming, the crew has acknowledged its intention to contain legislation enforcement. The AirDAO crew famous it’s “working with exchanges and related authorities to establish the hacker and retrieve all stolen funds.”

In accordance with data from PeckShield, the stolen funds have been transferred to numerous centralized exchanges, together with MEXC, KuCoin, and ChangeNOW. Analysts at SlowMist added that some a part of the stolen funds additionally went to Binance and BitMart. On the time of reporting, these platforms had not issued public statements relating to the incident.

Based in 2022, AirDAO positions itself as a community-governed blockchain and ecosystem of web3 decentralized purposes powered by its blockchain community known as AMB-NET and its native token, AMB.

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