The NFT-based card game Z-ERA fell victim to a security exploit that amounted to a hefty $285,000 loss. Blockchain security firm CertiK unveiled the shocking news on June 20.
According to CertiK, they discovered an exploit directed against Z-ERA’s BNB Smart Chain address. The attack involved an externally-owned account (EOA) deploying an unverified contract to siphon off funds. This strategy allowed the attacker to procure 1.8 million ZERA tokens, which they later sold for approximately $285,000. The perpetrator subsequently transferred 1178.5 BNB to TornadoCash.
The aftermath of the exploit saw the ZERA token’s value plummet by an alarming 99%, as stated by CertiK in its original report. While CertiK did not confirm the actual price of the asset, CoinMarketCap data suggests that ZERA was trading at $13.00 on Pancake Swap following its June 19 launch. As of 10:00 p.m. UTC on June 13, the asset’s value had plunged to a mere $0.007.
The data further shows that ZERA had a total circulating supply of 6.58 million tokens. Given that the attacker stole 1.5 million ZERA tokens, the heist affected about 27% of its supply.
This exploit came on the heels of the project’s game and token launch on June 18. The project also launched an associated app on June 15. At the time of writing, Z-ERA has yet to issue any statement concerning the hack, and attempts to reach the project have been fruitless.
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