Hacker Steals $225,000 Worth of Cryptocurrency from BNB Chain

02/27/2023 07:44 • Digital Disruptors • 89 views

It is reported that according to PeckShield monitoring, the hacker made a profit of about $225000 on the last unverified contract of BNB Chain (0x6D8981847Eb3cc2234179d0F0e72F6b6b2421a01). At present, hackers have stolen about 225000 DAIs and a small amount of Ethereum via Multichain to Ethereum and finally transferred to RAILGUN.

PeckShield: BNB Chain’s last unverified contract was attacked, and hackers made more than 220000 dollars

Analysis based on this information:

According to PeckShield Monitoring, there were reports of a hacker who made a profit of about $225,000 on the last unverified contract of BNB Chain (0x6D8981847Eb3cc2234179d0F0e72F6b6b2421a01). The hackers reportedly stole about 225,000 DAIs and a small amount of Ethereum via Multichain to Ethereum, and then transferred them to RAILGUN.

This news is a classic example of hacking cases in the cryptocurrency market. Cryptocurrency hacking incidents like this have scammed millions of crypto dollars from big exchanges and individuals worldwide so far. The blockchain ecosystem is supposed to be secure, but when attacks like this happen, it creates a sense of concern in the crypto community, making us question the reliability of blockchain technology.

PeckShield Monitoring has been around for some years and has been actively monitoring such incidents in the crypto market. With the help of Peckshield, the community can detect fraudulent acts and protect its participants from the risks associated with hackers. PeckShield provides comprehensive security solutions such as Dapps, Smart contracts, and digital asset wallets. They have a reputation for delivering excellent services and creating trust features for their clients.

The hacker in question reportedly stole $225,000 worth of cryptocurrencies using the Multichain to Ethereum network. This is a smart move by the hacker as Multichain is an excellent platform that provides developers with a simple interface to set up their blockchain network. Ethereum was also used, which is another top-rated blockchain platform in the world of crypto. Ethereum is well known for its Smart Contract technology, which allows the easy creation of secure, reliable, and transparent contracts.

The theft was transferred to RAILGUN, which is a DEX or decentralized exchange created on the Polkadot protocol that operates a 2-way peg with Ethereum. By transferring the stolen money to RAILGUN, the hacker wants to keep it as anonymous as possible. RAILGUN’s smart contract-based platform is a secure way of performing swaps without intermediaries. At the same time, it allows users to maintain privacy, which is unfavorable in some cases.

In conclusion, the PeckShield monitoring system played a vital role in uncovering this theft. The crypto market must embrace measures that guarantee the safety and security of funds, such as multi-layer protection and advanced cryptography. In addition, users must learn to secure their wallets and access codes and ensure that transactions occur through reliable sources.

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