Hackers have stolen more than $25 million in cryptocurrency from the Uniswap exchange and the Lendf.me lending platform. With both attacks taking place over the weekend – on Saturday and Sunday respectively – they are believed to be related, most likely carried out by the same group or individual. The ongoing investigation suggests that the hackers responsible appear to have chained together bugs and legitimate features from different blockchain technologies to orchestrate a sophisticated “reentrancy attack,” according to ZDNet. This type of attack allows threat actors to withdraw funds multiple times, in a loop, before the original transaction is approved or declined.
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@Jake Moore, Cybersecurity Specialist, provides expert commentary at @Information Security Buzz.
"Unless lessons are learnt from this hack, then the money will have been lost in vain...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/25-million-worth-of-cryptocurrency-stolen-by-hackers-expert-insight
Facebook Message
@Jake Moore, Cybersecurity Specialist, provides expert commentary at @Information Security Buzz.
"Unless lessons are learnt from this hack, then the money will have been lost in vain...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/25-million-worth-of-cryptocurrency-stolen-by-hackers-expert-insight