On-chain trading platform Thunder Terminal experiences exploit
Today, Thunder Terminal, an on-chain trading platform, was targeted in an exploit. The attacker has already transferred 86.5 ETH ($192,000) to Railgun. This information was shared by on-chain sleuth ZachXBT in his Telegram channel.
No compromise of private keys
Thunder Terminal has assured users that their private keys are not compromised. In a recent post on Twitter, Thunder stated that funds were safe and refunds would be processed soon. Only 114 wallets out of over 14,000 were affected by the attack. Thunder managed to stop the attack within nine minutes.
Attacker challenges Thunder’s claims
The attacker disputed Thunder’s statements, calling them “all lies” in an on-chain note. The note also threatened to delete user data if they were paid 50 ETH.
Thunder has not yet responded to requests for comment from The Block.
Hot Take: Thunder Terminal Exploited in On-Chain Attack
Today, Thunder Terminal fell victim to an exploit on its on-chain trading platform. While the attacker managed to transfer a significant amount of funds, Thunder assures users that their private keys remain secure. The platform promptly stopped the attack and is working towards refunding affected users. However, the attacker disputes these claims and threatens to delete user data unless they are paid a ransom. It remains to be seen how Thunder Terminal will respond to this situation and protect its users’ information going forward.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats. Theon’s work serves as a guiding light for both experienced enthusiasts and newcomers, providing well-researched perspectives that empower informed decision-making in the ever-evolving realm of cryptocurrencies.
