The Calm of DeFi Community Shattered by $11 Million Hack
The tranquility of the DeFi community has recently been disrupted by Zach XBTโs extensive investigation, exposing suspicious transactions related to the $11 million Prisma finance hack.
Exploit and the Enormous Loss
Zach XBTโs findings revealed that the exploit led to a massive loss of 3257 ETH, amounting to approximately $11.1 million. The attack has been linked to an individual known as โTrung,โ with the address 0x7e39e3b3ff7adef2613d5cc49558eab74b9a4202.
Trungโs Deeper Involvement Unveiled
Diving deeper into the investigation, Zach XBT uncovered a series of transactions and patterns connecting one hack to another. Trungโs involvement extended beyond the Prisma finance hack, with links to other suspicious activities on platforms like Pine Protocol and Arcade_xyz.
- Arbitrum hack leading to more transactions on Tron and Bybit platforms
- Connection between Trung and Modulus protocol operating address
- Legal actions by Prisma Finance in Vietnam and Australia
Legal Actions and Consequences
Prisma Finance has taken proactive steps to address the situation, including pursuing legal avenues in Vietnam and Australia to handle the issue. Despite the ongoing investigations and legal actions, the importance of implementing robust security measures in the crypto space cannot be overstated.
Advice on Protecting Your Assets
As a crypto investor, it is essential to stay vigilant and implement the following measures to protect your assets:
- Use hardware wallets for storing your cryptocurrencies
- Enable two-factor authentication on all your accounts
- Avoid sharing personal information or private keys online
- Regularly update your antivirus and anti-malware software
Ensuring Safety in the Crypto Space
With the increasing number of malicious actors targeting the crypto community, it is crucial for users to prioritize security and take proactive steps to safeguard their investments. By following best practices and staying informed about potential threats, you can minimize the risk of falling victim to hacks and scams in the crypto space.
Hot Take: Stay Alert and Secure Your Crypto Investments
As the crypto landscape continues to evolve, staying alert and being proactive in securing your investments is paramount. By following the latest developments and adopting robust security measures, you can protect your assets from potential threats and ensure a safe investment experience in the world of cryptocurrencies.
Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino’s insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content.