FORCE-token ziet vluchtig 24 uren na een gecoördineerde aanval op ForceDAO

Hackers made off with 183 Ethereum (ETH), ongeveer waard $386,000 op het moment van schrijven, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project.

ForceDAO detailed the Sunday exploit in a series of tweets, taking ownership of the “engineering oversight” that resulted in the attack, which centered around the platform’s xFORCE contract.

In a follow-up blog post, Alberto Cevallos explained:

“The exploiters were able to deposit FORCE tokens that would fail the transfer [f]rom call and receive xFORCE tokens, as the xFORCE contract expects a revert from the token but instead receives false.”

Hij ging verder:

“A user could then withdraw these newly minted xFORCE tokens for the remaining FORCE tokens in the vault, and liquidate them for ETH on exchanges.”

An additional 14.8 million FORCE tokens were compromised in the initial attack, though they’ve since been returned to the pool.

Often described as a quantitative hedge fund, Force is both a protocol and decentralized autonomous organization, or DAO, that’s designed to produce higher-yielding DeFi opportunities for its community.

The FORCE token collapsed more than 99% op zondag, van $2.21 to a low of just 2 cent, volgens CoinGecko. The token has since recovered 173% als laatste 24 uren.

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Bron: CoinTelegraph

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