Welcome Crypto Enthusiast! Stay Informed with the Latest News on AirDAO Breach
Disaster struck AirDAO, a community-governed layer one blockchain when it suffered a major breach that resulted in the theft of 35.2 million AMB tokens and 125.51 ETH from its AMB/ETH Uniswap liquidity pool.
Understanding the Security Breach at AirDAO
The isolated theft was carried out through an advanced social engineering attack which was achieved when the intruder took advantage of the weaknesses to get to the platform in an unauthorized way.
- Deceptive email approaches imitated genuine partners
- Hacker breached AirDAO’s network security
- Heavy losses sustained by the platform
Air DAO’s swift response to the Breach
Despite the seriousness of the breach, AirDAO promptly reacted and moved on to work with exchanges and relevant authorities to monitor, track and recover the stolen assets.
- The breach was with the liquidity pool only
- User funds on the AirDAO blockchain and exchanges were safe
- AirDAO Treasury remained secure in a multi-signature wallet
AirDAO Offers 10% White Hat Bounty
The platform noted that the hackers would be rewarded a 10% white hat bounty if they returned the stolen funds as soon as possible.
- Investigation to continue if funds are not returned
- No impact on the appreciation of AMB token
- AMB trading at $0.01253 with a 4.14% rise
Future Plans and Security Enhancements by Air DAO
Air DAO has promised to reintegrate the liquidity in the Uniswap pools and continue developing its security system to counteract future threats.
Closing Thoughts on AirDAO Security Breach
Stay vigilant and updated on the latest developments in the crypto space to protect your assets from potential security threats.
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