Quixotic – an NFT market that runs on Optimism – revealed that wrongdoers breached its safety and drained ERC-20 tokens. The group assured that customers with stolen belongings will probably be reimbursed.
The Latest Attack
In a latest tweet, Quixotic disclosed that criminals attacked its “Offer” characteristic and stole ERC-20 tokens. The staff suggested its prospects to cancel their presents “immediately,” including that every one market operations will probably be halted.
On the opposite hand, Quixotic assured that these purchasers affected by the assault will probably be absolutely refunded for his or her losses within the upcoming days. Non-fungible tokens listed on {the marketplace} are unhurt by the cyber assault.
We can verify {that a} latest replace to our market contract was exploited, permitting a hacker to steal permitted ERC-20 tokens
1. We will probably be refunding all stolen ERC-20 tokens2. NFTs stay secure and will not be affected by the exploit3. All market exercise stays paused https://t.co/wBYt903QVO
— Quixotic 🔴✨ – Optimism NFT Marketplace (@quixotic_io) July 1, 2022
According to DappRadar, Quixotic is the biggest NFT market on Optimism. It has attracted over 9,000 customers prior to now month who’ve accomplished greater than 22,000 transactions. The registered buying and selling quantity for that interval was roughly $405,000.
The Saga With Harmony
Last week one other assault within the cryptocurrency house made the headlines – that of Harmony Protocol. The latter’s Horizon Bridge was breached by hackers who stole practically $100 million price of Ethereum.
Shortly after figuring out the problem, Harmony supplied the attacker a $1 million bounty in return for the stolen funds and sharing exploit info. The nameless hacker declined the provide as in addition they began laundering the belongings via Tornado Cash.
A subsequent analysis performed by Elliptic Enterprises claimed that the group behind the heist was the North Korean hacking collective – the Lazarus Group:
“There are strong indications that North Korea’s Lazarus Group may be responsible for this theft, based on the nature of the hack and the subsequent laundering of the stolen funds.”
According to Elliptic’s evaluation, the criminals focused username and password credentials of Harmony’s workers within the Asia Pacific area to breach the protocol’s safety system. Later, they used automated laundering companies to transfer the stolen funds throughout nighttime hours.
The firm additional maintained that the Lazarus Group has already transferred over 40% of the $100 million to a Tornado Cash mixer.
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