Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash

According to reports, PeckShield monitoring showed that FilDA was attacked yesterday on ESC and REI networks, causing approximately $700000 in losses. The attacker bridged approximately 80000 ELAs to BNBChain, exchanged them for approximately 326 BNBs, and then deposited the funds into Tornado Cash. In addition, they bridged 200000 ELAs to Ethereum, exchanged a portion for approximately 17 ETHs, and transferred these ETHs and 160000 ELAs to addresses starting with 0x05dd.

Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash

I. Introduction
– Overview of FilDA attack on ESC and REI networks
– Brief description of how the attack was carried out
II. What is FilDA?
– Explanation of what FilDA is and how it works
– Brief history of FilDA
– Benefits of using FilDA
III. Details of the attack on FilDA
– Attack on ESC and REI networks
– Amount of losses incurred
IV. How the attacker carried out the attack
– Explanation of how the attacker bridged ELAs to BNBChain
– Exchange of ELAs for BNBs
– Deposit of funds into Tornado Cash
– Bridging ELAs to Ethereum
– Exchange of ELAs for ETH
V. Who is responsible for the attack?
– Speculation on the identity of the attacker
– Possible motives for the attack
VI. Measures being taken to prevent future attacks
– Steps being taken to improve security
– Importance of securing funds and assets on decentralized networks
VII. Conclusion
– Recap of the FilDA attack
– Final thoughts on the importance of security on decentralized networks
# According to reports, PeckShield monitoring showed that FilDA was attacked yesterday on ESC and REI networks, causing approximately $700,000 in losses.
FilDA is a decentralized financial protocol that enables users to lend, borrow, and earn interest on cryptocurrencies. FilDA has become increasingly popular among crypto enthusiasts, owing to its ability to provide high returns on investments and low borrowing rates.
However, like every other financial platform, FilDA is not immune to cyber-attacks. Recently, FilDA suffered a significant security breach that resulted in the loss of approximately $700,000. The attack was carried out on FilDA’s ESC and REI networks, leaving many users to deal with the unfortunate consequences of the breach.
# What is FilDA?
Before delving into the details of the attack, it is essential to have a basic understanding of FilDA. FilDA is a decentralized platform that allows its users to lend and borrow cryptocurrencies like Bitcoin, Ethereum, and many more. It operates on a smart contract, which automates the borrowing and lending process, ensuring greater transparency and efficiency.
In addition to providing lending and borrowing services, FilDA also allows users to earn interest on their cryptocurrency holdings. This feature has become one of the top reasons why many people choose FilDA over other similar platforms.
# Details of the attack on FilDA
Reports indicate that the attackers successfully breached FilDA’s ESC and REI networks, resulting in the loss of approximately $700,000. The magnitude of the loss sent shockwaves throughout the crypto community, prompting calls for more robust security measures.
# How the attacker carried out the attack
The attackers first bridged approximately 80,000 ELAs to BNBChain before exchanging them for about 326 BNBs. They then deposited the funds into Tornado Cash, a platform that enables its users to conduct anonymous transactions.
Additionally, the attackers also bridged 200,000 ELAs to Ethereum, exchanged some of the Elas for approximately 17 ETHs, and transferred these ETHs and 160,000 ELAs to addresses starting with 0x05dd.
# Who is responsible for the attack?
At the time of writing this article, the identity of the attackers is still unknown. However, several experts in the crypto community believe that the attackers likely exploited vulnerabilities in FilDA’s smart contract code.
# Measures being taken to prevent future attacks
In response to this breach, FilDA is taking several measures to improve the security of its platform. Just like other decentralized finance platforms, FilDA operates on smart contracts; the company is currently carrying out an audit of its smart contract code to identify and fix any vulnerabilities.
Additionally, FilDA has pledged to compensate those who lost funds in the attack, further demonstrating its commitment to improving the platform’s security.
# Conclusion
The FilDA attack highlights the need for increased security measures when dealing with decentralized finance platforms. While platforms like FilDA offer users the convenience and flexibility of conducting financial transactions from anywhere in the world, it is essential to ensure that funds and assets are protected from malicious actors.
Moving forward, stakeholders in the crypto community must work to navigate the delicate balance between functionality and security. As they do so, they must recognize that security must always take precedence. Only then can platforms like FilDA continue to thrive, providing essential financial services to people worldwide.

FAQs

Q1. Is FilDA’s platform secure?
A: The recent attack on FilDA shows that the platform has some security vulnerabilities. However, the company is committed to fixing these vulnerabilities and improving the security of its platform.
Q2. What measures is FilDA taking to prevent future attacks?
A: FilDA is currently conducting a smart contract code audit to identify and fix any security vulnerabilities. The company has also pledged to compensate all those who lost funds in the recent attack.
Q3. Are cryptocurrency investments safe?
A: Cryptocurrency investments can be safe if the investor takes appropriate measures to protect their assets. This includes investing in reputable platforms and ensuring that their private keys are secure.