Azuki DAO Token Contract Exploited by Hacker, 35 ETH Stolen
- The contract is now paused, according to MetaSleuth, a blockchain intelligence business.
- The contract’s signature claimed variable wasn’t adequately validated.
On Monday, two adversaries exploited a flaw in the Azuki DAO governance token contract and stole 35 ETH. Because the contract’s signature claimed variable wasn’t adequately validated, replay attacks were possible. The contract is now paused, according to MetaSleuth, a blockchain intelligence business.
On the other hand, Members of the Azuki DAO are now voting on whether or not to engage a lawyer to recover 20,000 ETH that were stolen by the hack from Zagabond, the creator of the NFT project. So far, 29 million BEAN tokens have been voted on, with 88% of the community supporting the plan.
Without elaborating, the community also claimed that Zagabond is involved in “multiple projects” linked to rug pull. Some users have questioned the DAO’s connection to the Azuki project, despite the group’s claim to be “OG Azuki holders” operating in the interests of the community.
Co-founder of NFTY.Finance Tytan.ETH expressed skepticism about the group’s voting system since the governance token was just a few days old and he had never heard of them.
Identical Collection Chaos
Many NFT collectors criticized the new Elementals collection for being too similar to the Azuki collection published in February 2022, and Azuki received a lot of blowback as a result. The project crew allegedly moved 20,000 ETH out of the wallet as soon as the collection was minted, which further added fuel to the fire of the dispute.
On June 27, the Azuki Elementals mint was released, generating a lot of excitement in the Web3 community. As the newest edition of the lucrative anime-themed PFP project, Elementals’ 20,000 NFTs were mined and sold out in a blink of an eye.
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Read more: https://thenewscrypto.com/nft-news-azuki-dao-token-contract-exploited-by-hacker-35-eth-stolen/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
