Description of the event: On February 23rd, the Avalanche mainnet experienced block production interruptions. Addressing this issue, Ava Labs co-founder Kevin Sekniqi stated on Twitter that the problem appears to be a gossip-related mempool management error, which is purely a code-related issue, not a performance handling problem. It seems that inscriptions have reached an edge case, but they did not affect performance. The mainnet downtime issue appears to be related to an edge-case bug in mempool processing, and bug fix testing is currently underway on the Avalanche testnet. On February 24th, Ava Labs engineering lead Patrick O'Grady tweeted that nodes need to be upgraded to AvalancheGo version 1.11.1, which disables the logic added in v1.10.18 that caused validators to send excessive amounts of gossip to each other. Avalanche Validators provision a stake-weighted bandwidth allocation for each peer, and this flawed logic led each node to saturate their allocation with useless transaction gossip. This dynamic prevented pull queries issued by validators from being processed in a timely manner and resulted in consensus stalling.
Hacked Event Broadcast
Verified blockchain security incidents with original evidence and historical event dates.
Description of the event: On the evening of February 23rd, UNI experienced a sudden price surge, causing Compound to fail in promptly updating UNI's price. As a result, the protocol used an incorrect price provided by Uniswap's TWAP (Time-Weighted Average Price). This allowed users to borrow UNI using collateral with a lower value than UNI's actual price, leading to $660,000 in bad debt.
Description of the event: On February 23, 2024, Hong Kong-based cryptocurrency exchange BitForex was suspected of an exit scam after approximately $56.5 million in suspicious fund outflows were detected across multiple blockchains. The platform subsequently restricted access. On-chain investigator ZachXBT was the first to notice irregularities in withdrawals, highlighting that the exchange had ceased processing withdrawals and failed to respond to customers. In mid-2023, the company faced regulatory scrutiny in Japan for operating without a license and was accused of inflating trading volumes. Its CEO resigned in January, promising a new team would take over. On July 19, BitForex updated the situation on X, stating that platform access was disrupted due to unforeseen events and that it would reopen soon.
Description of the event: DeFi leverage project Blueberry Protocol was exploited for approximately $1.35 million. However, the attack was intercepted by a white hat, c0ffeebabe.eth. 366 ETH has already been returned to Blueberry. The vulnerability stemmed from the incorrect handling of decimals by the lending contract. This attack occurred due to a faulty oracle deployment.
Description of the event: The official Twitter account of ARPA, a permissionless threshold network based on the BLS signature scheme, has been compromised, and false token claiming links have been posted.
Description of the event: The ERC 404 project Rugged Art was attacked due to a reentrancy vulnerability, resulting in a loss of 11 ETH.
Description of the event: On February 18th, Starcoin, a project within the Move ecosystem, tweeted that they detected abnormal activities on their network that required immediate attention to safeguard the integrity and security of the system. As a precautionary measure, Starcoin has temporarily suspended our network to conduct a thorough investigation together with SlowMist.
Description of the event: The CEO of SocialFi xPET tweeted that SocialFi was attacked due to vulnerabilities related to the newly launched PvP feature, resulting in hackers stealing 91.5 ETH (approximately $25,400).
Description of the event: According to on-chain data, the cryptocurrency exchange FixedFloat appears to have been exploited, resulting in the theft of approximately $26.1 million worth of Bitcoin and Ethereum. On February 18th, FixedFloat tweeted: "We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible vulnerabilities, improve security, and investigate. Our service will be available again soon. We will provide details on this case a little later."
Description of the event: The ERC-X protocol Miner (MINER) has been attacked, please do not interact. According to the Miner team's analysis, the _update function of the contract was exploited. The root cause of this exploit is a double-transfer vulnerability caused by a lack of input validation.
Description of the event: The hot wallet of the crypto gambling platform Duelbits was attacked, resulting in a loss of approximately $4.6 million.
Description of the event: The blockchain gaming platform PlayDapp was hacked, with the attacker's address being added as a minter, minting 200 million PLA tokens (valued at $36.5 million). Shortly after the incident, PlayDapp sent a message to the attacker through on-chain transactions, requesting the return of the stolen funds and offering a $1 million bug bounty reward, but negotiations ultimately failed. On February 12, the hacker minted an additional 1.59 billion PLA tokens, valued at $253.9 million, and began transferring them through cryptocurrency trading platforms. On February 13, PlayDapp announced on Twitter that the PLA smart contract had been paused, while also advising users to cease trading for migration snapshots and stating that every effort is being made to protect holders' assets.
Description of the event: Keith Grossman, the president of MoonPay, currently has a compromised X account distributing wallet drainer links.
Description of the event: The Not Found (404) project on ETH is suspected to have exited with losses of approximately $156,000, as the deployer withdrew a large amount of liquidity.
Description of the event: A critical security incident within the Starlay protocol’s USDC lending pool on the Acala EVM platform. An exploit was identified and executed due to abnormal behavior in the liquidity index calculation mechanism, which allowed an attacker to withdraw an amount far exceeding their original deposit after borrowing LDOT.
Description of the event: The user-friendly crypto wallet designed for DeFi and NFTs, Phantom, reported a DDoS attack on its platform. Someone attempted to overload its systems, causing potential temporary interruptions in some services. User assets are secure.
Description of the event: The project Detto Finance in the Base ecosystem is suspected of a rug pull, with its social media accounts currently inaccessible, resulting in approximately $95,000 in losses.
Description of the event: The DeFi protocol Abracadabra Money (MIM_Spell) has fallen victim to an attack, resulting in approximately $6.5 million in losses. Following the attack, Abracadabra.Money (MIM_Spell) provided an update on the situation via Twitter, stating that their technical team identified the vulnerability. Preliminary findings indicate the exploit targeted specific Cauldrons V3 & V4, allowing unauthorized MIM borrowing. They’ve mitigated the issue by setting borrowing limits to zero for these cauldrons.
Description of the event: Klaytn, the South Korean public blockchain, tweeted a reminder to users that its official Discord server has been attacked. Until further notice, please refrain from clicking on any links or interacting with any posts. The team is currently working to remove malicious bots and regain control.
Description of the event: On January 31st, according to blockchain investigator ZachXBT, Ripple fell victim to a hacking attack resulting in the theft of 213 million XRP, valued at approximately $112.5 million. Ripple's co-founder, Chris Larsen, tweeted, "Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved."