NFT News Official TheBitTimes.com

The hackers behind the $41 million heist at the crypto casino Stake have reportedly transfer red $328,000 in Polygon (MATIC) and Binance coin (BNB) tokens. According to blockchain security firm CertiK, the latest transaction saw the transfer of 300 BNB tokens, valued at approximately $61,500, to an external address identified as “0x695…”, which were subsequently bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC. #CertiKSkynetAlert The @Stake exploit er has transfer red 300 BNB to EOA 0x695 Funds have been bridged to AVAX https://t.co/CcfRV7EGps — CertiK Alert (@CertiKAlert) September 11, 2023 Earlier the same day, an additional 520,000 MATIC tokens, with a market value exceeding $266,000 were relocated to the Avalanche network. This recent transfer of assets, amounting to $328,000, adds to the previously moved $4.5 million, which was transfer red to the Bitcoin blockchain as BTC on Sept. 7, as noted by blockchain security firm Arkham. You mig...

Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading , citing concerns of a potential exploit . LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been compromised and has temporarily able stopped trading to investigate. Algorithmic market maker Wintermute’s research head Igor Igamberdiev was among those sharing theories on how the exploit may have worked, saying the attacker could have used an exposed smart contract function. Related: Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent The function would have allowed them to undertake a series of token swaps eventually allowing them to drain liquidity pools on LeetSwap. It was easy: - swap a bit of WETH for X tokens (should have fees) - call _transferFeesSupportingTaxTokens(address, uint256) to move tok...