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Nov 4 • 4 tweets • 5 min read
#WAGSI🛡️
Exploiters minted over 1 Billion in $GALA tokens on BSC & fears caused a 20% drop in GALA.

The problem is caused by a misconfiguration of the @pNetworkDeFi bridge.

#GALA #galatoken #breach

🧵👇 $1B Crypto Hack Fears Spur ...
➡️ Hackers immediately sent the freshly minted GALA to #PancakeSwap.

➡️ The attacker dumped a total of 10.72 billion $GALA and earned a total of 12,977 billion $BNB ($4.4 million) by draining the PancakeSwap pool to zero.

#news #Hack
@pNetworkDeFi stated that a new pGALA token will be created to replace the old compromised one and will be airdropped to those who had pGALA before the pool was drained in the coming days.

#DeFi #cryptocurrecy
Follow @QuillAudits on Twitter and telegram to stay updated

Protect your Web3 Project with us -
audits.quillhash.com/smart-contract…

#cybersecurity #blockchain #quillaudits #smartcontract #security #smartcontractaudit

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More from @QuillAudits

QuillAudits Profile picture
Nov 5
⚠️⚠️

$625 million worth of cryptocurrencies were stolen from the Ronin Bridge protocol in March 2022 as a result of an attack by hackers.

In June, Harmony One’s Horizon Bridge lost over $100 million in an attack.

🧵👇..
In August, the Nomad Bridge lost another $200 million as a result of an exploited vulnerability in its smart contracts.

Hackers exploited the BSC Token Hub, a cross-chain bridge, on October 6 and drain $570 million.

⬇️⬇️
What are the common in all the above hacks?
They all are blockchain bridge hacks.
Let’s understand how these Bridges are Hacked.

#cybersecurity

⬇️⬇️
Read 10 tweets
QuillAudits Profile picture
Nov 4
#WAGSI🛡
A new exploit on the old Opensea contract is being used to steal your NFTs.

⚠ Signing this seemingly innocent transaction could drain your wallet.

Here's a simple breakdown. ⬇⬇
This new exploit dupes the user into signing a transaction, granting the attacker control over the user's proxy contract.

#NFTs #opeansea #artwork
It can steal any NFT that users listed on Opensea before May 2022 (i.e. before Seaport upgrades), primarily through the Wyvern protocol, which grants proxy contracts the ability to withdraw user NFTs.
Read 5 tweets
QuillAudits Profile picture
Jul 29
⚠️⚠️

On July 28, Solana-based DeFi protocol @nirvana_fi lost $3.5M to a Flash Loan attack.

After the attack, Nirvana’s native token $ANA lost 85% of its value.

Its #stablecoin $NIRV lost 90% of its US dollar value in the process

👇👇
This hack was similar to previous flash loan attacks, such as one on @Crema_Finance ($6M loss).

#Nirvana | #Crypto
In the current scenario,

The hacker used flash loans to manipulate the $ANA price from $8 to $24.

The hackers then siphoned off 3,490,563.69 $USDT after claiming $USDC and $USDT at this inflated price.

#Crypto
Read 4 tweets
QuillAudits Profile picture
Jul 28
📌📌

Decoding #Ethereum Rollups: zk, zkVM, zkEVM

Last week, a trio of @Scroll_ZKP, @0xPolygon, and @zksync announcements had something in common:

Each company implied it would be the “first” to bring a zkEVM to market.

🔽MEGA...🧵👇
TL; DR

➚➚There are several applications for zero-knowledge proof in blockchain scaling and privacy since it can ensure computational integrity, accuracy, and privacy.

➚➚Both zk-SNARK and zk-STARK have advantages, but their combination offers more possibilities.

#ETH
➚➚ZkVM provides zero-knowledge proofs for applications, and it can be divided into the mainstream, #EVM, and newly-built instruction sets.

➚➚Equivalence, specification-level compatibility, and EVM compatibility are all types of EVM compatibility.

$ETH $BTC
Read 16 tweets
QuillAudits Profile picture
Jul 27
🥷

This Blog Covers—

✔️What Are #NFT Phishing Scam And Their Types?

✔️How Do NFT Phishing Scams Take Place?

✔️5 Most Infamous Phishing Attacks On #NFTs In 2022

✔️Preventive Measures For NFT Security Issues

🔽MORE↓ ↓
🪡Security threats surfacing the #Web3 ecosystem are throwing off challenges at the monetary level to the crypto and NFT community.

Among all, the phishing link scam is the most well-known and that almost anyone would have faced.

#Ethereum | #Crypto
🪡FIVE Most Infamous Phishing Attacks On NFTs In 2022

‣‣@OpenSea hack - $1.7M

‣‣BAYC hack - $40M

‣‣@Beeple Phishing hack - $438,000

‣‣@SethGreen Phishing link hack - $60k

‣‣@deekaymotion's Phishing Link hack - $150,000

#NFTs | #Crypto | #Ethereum
Read 4 tweets
QuillAudits Profile picture
Jul 27
SEVEN Questions Blockchain developers and security professionals must ask in advance—🧵

↓
1/ What are the highest impacted areas of code?

2/ How could incident response protocols be affected?

3/ How will vulnerabilities be reported?

4/ How will users be supported to elevate risks?

↓

#cryptocurrecy
5/ How will user permissions be managed, and what kind of interoperability across wallets, chains, etc., should be accounted for?

6/ Is the organization prepared for community-participant governance?

Follow➡️@QuillAudits for the latest #Web3 security updates!

↓
#cybersecurity
Read 4 tweets

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