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Market News

Bankroll Status Suffer $230K Loss to DualPools Hacker Attack

The hacker’s tactics appear to follow a pattern seen in previous DualPools attacks.

Written By Dishita Malvania
Published September 23, 2024 12:00 PM·Updated 2 years ago
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Bankroll Status Suffer $230K Loss to DualPools Hacker Attack

Cybersecurity firm Cyvers has identified a major breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain. The attack, which resulted in a staggering loss of $230,000, appears to be the work of the notorious DualPools hacker group.

According to Cyvers, the suspicious transaction was flagged by their system as part of a wider malicious operation. Their team has been tracking the activity of the hacker, and evidence points to a smart contract that was deployed 90 days ago, potentially serving as the gateway for this heist.

Source: Twitter

The hacker’s tactics appear to follow a pattern seen in previous DualPools attacks, where they deploy malicious smart contracts within DeFi ecosystems, gradually siphoning funds from unsuspecting users.

While the investigation into the exact mechanisms of the hack is ongoing, Cyvers has issued a stark warning to platforms and users alike, urging them to take immediate steps to secure their assets. Their systems are working to identify any further vulnerabilities within Bankroll Status and other platforms that could be targeted by similar attacks.

Also Read: Singapore’s BingX Exchange Suffers over $50 Million Hack

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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