VeChain Human error: $6.50M Reported Loss
The VeChain Foundation, a non-profit organization supporting the VeChain public blockchain platform, announced that their repurchase address was leaked at 12:27 PM Eastern Time on Friday (ie 1:27 AM Beijing time) .
- Reported loss
- $ 6,500,000
- Attack category
- Human error
Incident Overview
The company stated in the announcement: “The security breach is most likely due to the improper behavior of a member of our finance team who created a repurchase account without fully complying with the standard procedures approved by the foundation, and due to human error. , Our audit team did not find such inappropriate behavior. We want to emphasize that the incident has nothing to do with the actual standard process or the effectiveness of VeChain’s hardware wallet solution."
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.