Ethereum Alarm Clock Contract Vulnerability: $260.00K Reported Loss
According to Cointelegraph, a vulnerability in the Ethereum Alarm Clock service (Ethereum Alarm Clock) has been exploited, and the hacker has so far made about $260,000 in profit.
- Reported loss
- $ 260,000
- Attack category
- Contract Vulnerability
Incident Overview
According to the analysis, hackers managed to exploit a loophole in the scheduled transaction process to profit from the refund of gas fees for canceled transactions. According to Etherscan transaction history, the hackers have obtained 204 ETH, worth about $259,800. It is reported that the Ethereum alarm clock service is to allow users to schedule future transactions by pre-determining the recipient address, sending amount and transaction time.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.