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Reading: Breaking News: The Price of Cryptocurrency Crashed Due to Million Dollar Hack
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EdaFace Newsfeed > Latest News > Security & Hacks > Breaking News: The Price of Cryptocurrency Crashed Due to Million Dollar Hack
Security & Hacks

Breaking News: The Price of Cryptocurrency Crashed Due to Million Dollar Hack

vitalclick
Last updated: October 16, 2024 7:07 pm
7 months ago
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Big hacking news hasn’t been on the agenda for a while. fortunately RNDT fills this gap. cryptocurrencies Hacking cases have become commonplace and billions of dollars a year fall into the hands of attackers. A significant part of this figure is used to finance North Korea’s nuclear program.

RDNT Coin Hacked

According to the announcement made by Ancilia Alerts, strange things are happening with RDNT’s Binance Smart Chain contract. Experts who detected million-dollar suspicious transfers through the contract want users to urgently cancel the wallet permissions given to the contract number 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Attackers can hack the contract, modify it, and empty the wallets of those who interact with it.

It is now thought that $16 million has been stolen. The account found to be associated with the hacker contains $51 million. After the incident was noticed RDNT Coin price fell about 8 percent.

Those who interact with the protocol must quickly revoke their wallet permissions. In the coming hours, as the extent of the attack becomes clear, the team may share explanations about what they can do to compensate for the damage. For now, this event does not appear to be at a level that could undermine the general market sentiment.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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