Cryptocurrency The world continues to be shaken by cyberattacks. Accordingly, Cyvers Alerts has detected several suspicious transactions related to Vow. These transactions are associated with an attack that occurred on August 13, 2024 and caused a large loss of cryptocurrency. Let’s review the details of the incident.
175 ETH and More at Risk
The attacker deployed a malicious contract 112 days ago and launched two attacks on August 13 Hacker As a result of these attacks, 175 ETH595,970 USDT and 5,801,632 VOW were lost. This has caused great concern among VOW holders. The attacker’s tactics include using Tornado Cash to obscure funds, a method often seen in the cryptocurrency world. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The attacker used Tornado Cash to fund his operations and started investing his funds back into the platform after the attack. The attacker, who last transferred 50 ETH, is currently still receiving 402 ETH This amount could potentially be used to launch new attacks or to cover up the trail of funds. This situation once again highlights how planned and detailed cyberattacks are.
Cryptocurrency World on Alert
These attacks once again bring to the agenda the security vulnerabilities in the cryptocurrency ecosystem. Although Blockchain technology is considered secure, attacks by malicious actors reveal the weak points of the system. Privacy-focused platforms, especially Tornado Cash, make it difficult to track such attacks and prevent the attackers from being caught.
For Vow and similar projects, such attacks are not only limited to financial losses, but also deeply shake investor confidence. Such incidents show that stricter security measures should be taken in the cryptocurrency world. In order to prevent similar attacks in the future, it is inevitable that stronger security measures will be taken in the sector.
At this stage, users should question the security infrastructure of the projects they invest in and be aware of potential risks. As the tactics and tools used by attackers become more sophisticated every day, this necessitates the development of new strategies for the security of the sector.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
