🚀 Ethereum Address Holding 31 Million USDT Frozen
#Ethereum #USDT #WhaleAlert #FrozenAddress #CryptoNews
According to PANews, Whale Alert has reported that an Ethereum address containing 31,765,779 USDT was frozen approximately two minutes ago. The reasons behind the freezing of this substantial amount of USDT remain unclear at this time.#Ethereum #USDT #WhaleAlert #FrozenAddress #CryptoNews
🚀 Balancer Exploit Leads to $3 Million Token Transfer
#Balancer #Exploit #TokenTransfer #SecurityBreach #stS #WBTC #ETH #PermitAuthorization #GoPlus #FrozenAddress #ERC20 #BlockchainSecurity
According to PANews, a recent exploit involving Balancer has resulted in the unauthorized transfer of approximately $3 million worth of tokens. The incident was highlighted by the GoPlus Chinese community on the X platform, revealing that the attacker used a Permit authorization to bypass security measures.
Earlier today, the attacker managed to transfer 195 stS tokens from the frozen address 0xf19…fae2 to a new address 0x0e9c…44D5. These tokens were then exchanged for WBTC and ETH. The failure of the freeze was attributed to its implementation at the native chain level, which only affected S tokens and not other ERC20 tokens like stS.
The stS tokens have a permit() method that allows off-chain signatures without requiring the frozen address to pay S, leading to the ineffectiveness of the freeze in this instance.#Balancer #Exploit #TokenTransfer #SecurityBreach #stS #WBTC #ETH #PermitAuthorization #GoPlus #FrozenAddress #ERC20 #BlockchainSecurity