GNUS Discord hack causes $1.27M in losses

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Blockchain project GNUS lost $1.27 million through a token-mint exploit after an attacker viewed team members’ private messages through a Discord hack.

The attacker was able to view team members’ private Discord messages, allowing them to gain access to the team’s wallet address and mint 100 million fake tokens.

Genius artificial intelligence network lost approximately $1.27 million through a token-minting exploit on May 5. The GNUS team announced plans to release a new version of the token and that users should no longer buy the old version.the private key to the team’s account that begins with 0x18. Once they had control of this account, they copied the token’s “salt” data from Ethereum, allowing them to use the Axelar bridge protocol to create a Fantom network version of the token.

Blockchain networks continue to experience exploit risks. However, some evidence indicates that these attacks may be declining as security practices improve. In April, Crypto usersBack to extreme greed past $65K? 5 things to know in Bitcoin this week

 

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