A major security vulnerability has resulted in a loss of $16.96 million in funds. The attackers may have communicated with the project party.

Recently, a Blockchain security monitoring platform detected a major security incident. On the evening of November 13, 2022, a project on a certain blockchain network suffered a serious security vulnerability, resulting in a loss of approximately 16.96 million dollars.

After the incident, some of the stolen funds have been transferred using anonymization tools, while the rest are stored in two specific addresses. Security experts are closely monitoring the movements of funds in these addresses.

The address used by the attacker has been confirmed, and the hash of the attack transaction has also been recorded. This information is crucial for tracking the flow of funds and investigating the cause of the incident.

It is worth noting that, according to the latest on-chain data, the attackers seem to have begun attempting to communicate with the project team. This trend has sparked speculation within the industry about possible fund recovery or negotiations.

This incident once again highlights the security challenges faced by decentralized finance projects. It reminds both project developers and users to remain highly vigilant and continuously strengthen security measures to prevent similar incidents from occurring. At the same time, it also calls for the entire industry to enhance collaboration and jointly improve the overall security of the Blockchain ecosystem.

A security incident occurred in the FLARE project on the BSC Blockchain, resulting in a loss of nearly 17 million dollars

As the investigation deepens, relevant parties may take further action. Blockchain security companies and project teams are working closely to recover stolen funds and analyze vulnerabilities to prevent future financial attacks. This incident could have far-reaching effects on related projects and the broader decentralized finance ecosystem.

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GateUser-c799715cvip
· 11h ago
Want to talk after getting the money? Another tragedy!
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OnlyOnMainnetvip
· 11h ago
Is it another white hat attack?
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RegenRestorervip
· 11h ago
The white hats are teasing the project party again.
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WealthCoffeevip
· 11h ago
The freeloaders are rubbing their hands in anticipation.
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GasWastervip
· 11h ago
It's the project party acting again.
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MEVHuntervip
· 11h ago
another amateur protocol getting rekt... shoulda used proper mempool protection smh
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RugPullProphetvip
· 11h ago
Another project is gone? Ha, it just started.
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