🚀 Abstract Users Face Targeted Attack, Not A Global Wallet Issue
#Abstract #targetedattack #AGW #Cardex #security #investigation
According to Odaily, developer 0xBeans reported that some Abstract users have been targeted by an attack. However, this issue does not appear to be a network-wide problem with the Abstract Global Wallet (AGW). The issue seems to be isolated to a specific application, possibly Cardex, and users are advised to avoid interactions with it for the time being. Efforts are underway to determine the cause of the problem. It is reiterated that this is not a global AGW issue but rather a problem with a particular application. Further updates will be provided as the investigation continues.#Abstract #targetedattack #AGW #Cardex #security #investigation
🚀 Sei Ecosystem's Filament DEX Faces Targeted Attack Resulting in Significant Losses
#SeiEcosystem #FilamentDEX #TargetedAttack #CryptoLosses #PriceManipulation #SelfLiquidation #UserDeposits #BlockchainSecurity #Investigation #WhiteHatBounty #SEI
According to Foresight News, the Sei ecosystem's derivatives decentralized exchange (DEX), Filament, experienced a targeted attack on April 6 between 8:00 and 12:00 UTC+8. The attackers exploited price manipulation and self-liquidation mechanisms to illegally withdraw funds. The total user deposits amounted to approximately $680,000, with estimated losses reaching around $572,000.
In response to the attack, Filament has suspended trading and withdrawals on the platform. The company is collaborating with law enforcement agencies and blockchain partners to investigate the incident. The stolen funds were reportedly transferred through the Symbiosis cross-chain bridge to the FixedFloat exchange platform.
Filament has publicly offered a 10% white hat bounty to the attackers and urged them to contact the team for a negotiated resolution.#SeiEcosystem #FilamentDEX #TargetedAttack #CryptoLosses #PriceManipulation #SelfLiquidation #UserDeposits #BlockchainSecurity #Investigation #WhiteHatBounty #SEI