"Hey fellow crypto enthusiasts, I stumbled upon a fascinating article about an alleged $50M Ethereum hack that happened last month. Apparently, the hackers managed to drain a wallet using a phishing scam, but what's got me curious is how they were able to bypass the wallet's multi-sig setup. Can anyone shed some light on this or has anyone come across any info on this hack?"
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
"Gotcha! Decrypting the Mysterious $50M Ethereum Hack"
- Thread starter Rodnaya
- Start date
Natalya1982
Member
- Joined
- Jul 12, 2011
- Messages
- 5
- Reaction score
- 0
What's your take on new trends?
fighterjet
New member
- Joined
- Feb 13, 2007
- Messages
- 4
- Reaction score
- 0
"nice find on that vulnerability, but didn't think it was ever going to get caught, glad the devs are getting their act together now"
"Just skimmed the OP and gotta say, I'm not surprised. The fact that it took 3 months to decrypt the wallet is pretty standard, given the complexity of their encryption method. Still, good job OP for digging up the backstory behind this infamous hack."
"Yooo, I've been following this hack from the start and I'm still trying to wrap my head around how they managed to pull it off. From what I've gathered, it looks like an exploit in a smart contract that let the attackers siphon off the funds. Anyone have any theories on how to prevent something like this in the future?"