A hackerโs address gained more than 100 million XEN Tokens. It used DoDo, Uniswap, and Decentralized Trading Platforms to convert some XEN into 61 ETH and transfer to FTX and Binance, according to an article published on October 13 by Opang & X-explore.
Read CRYPTONEWSLAND onThe FTX withdrawal hot wallet address has a lot of strange small-amount transfers. Analyzing the transaction information further reveals that each transaction attacking the contract spawns 1 to 3 sub-contracts.ย
This would initially carry out Mint or Claim of XEN Token operations. These contracts will eventually self-destruct. The FTX hot wallet address covers all of the gas costs for these transactions.
The vulnerability research reveals that FTX places no limitations on the receiver address, which serves as the contract address. The ETH Native Tokenโs Transfer GAS Limit is also unrestricted, but the processing charge is calculated using the Gas estimation method.
Most GAS LIMITS produced by this method are 500,000, which is 24 times greater than the normal amount of 21,000. The same gold withdrawal address has been used for numerous tiny transfers. The gold withdrawal was an event that seemed strange.
The theft of GAS is still ongoing. Withdrawals from FTX are fee-free, which offers attackers enormous ease at no cost to steal.
Sam Bankman-Fried, co-founder and CEO of FTX Derivatives Exchange, has underlined in his characteristically forthright manner that his company will welcome any laws put forth by legislators to direct developments in the bitcoin ecosystem.
The cryptocurrency space is a tremendous innovation to the financial sector. It is the present…
Vitalik Buterin reveals Ethereum's PoW flaws and champions PoS! Dive into the debate now. #Ethereum…
๐๐ This May, donโt miss the #CryptoAirdrops from #BASE, #Bitget, and #ICP! Get ready to…
๐๐ This week's top altcoins? #Ethereum, #Bitcoin, and #Gummy are on the move! Watch out…
๐ฎ๐ฅ Dive into the future of #CryptoGaming with top picks like #IQProtocol, #XRaise, and #PARSIQ…
๐๐ #CryptoUpdate: Pantoja predicts massive gains for #Bitcoin & #SHIB in the next bull cycle!…