News Formal

Moola Markets exploit: It’s an October turned ‘Hacktober’ for the crypto market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 68%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

In a surprising turn of events, the perpetrator behind the Moola Market exploit returned more than 93% of the stolen funds. The funds were returned just hours after the attack took place on the Celo blockchain-based platform. Exploring the exploit On 18 October, at 4 pm UTC, an attacker started manipulating with MOO, Moola Market’s native […]

more CELO coins. This was then followed by a swap for MOO tokens, causing a further price hike. This cycle was repeated several times, which took MOO from $0.018 to $0.65.

Finally, with this hoard of inflated MOO tokens, the attacker borrowed 8.82 million CELO, 1.85 million MOO, 765,000 cEUR, and 644,000 cUSD. When the dust settled, Moola Market had been exploited to the tune of almost $9.1 million.The Moola Market team was quick to react to the exploit. Within minutes of taking cognizance of the attack, all activities on the platform were paused and law enforcement was roped in.

To the exploiter, we have contacted law enforcement and taken steps to make it difficult to liquidate the funds. We are willing to negotiate a…The attacker reached out within ten minutes of Moola Market’s tweet, and the team negotiated the return of over 93% of the exploited funds. This put the amount of the somewhere in the vicinity of half a million dollars.

The crypto community pointed out that the Moola Market exploit bore an uncanny resemblance to the one thatThis month has been dubbed Hacktober, thanks to a series of exploits that have caused a collective loss of over a billion dollars.Subscribe to get it daily in your inbox.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 22. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Market turmoil a boon for trend-following hedge fundsSome have thrived on soaring inflation, high interest rates and the energy shock
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Oil edges higher after weekly loss as slowdown hangs over market - BNN BloombergOil wiped out early gains as fears over an economic slowdown continue to weigh on the outlook for demand.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »

Four years after legalization, illegal cannabis market still thriving in CanadaThe time, expense and red tape of going legit has kept the black market in business, along with the high prices of legal weed. When the legal market is as flawed is it any wonder? People are giving it away for free because there is so much of it. Why wouldn’t it be thriving? Why would people choose to be taxed and pay basically double that of the guy on the street corner? Government literally can’t do anything right. Not one thing they do is run efficiently and effectively. They can’t even be successful drug dealers.
ソース: nationalpost - 🏆 10. / 80 続きを読む »

'Cutthroat' cannabis market smoking out some Calgary pot shopsFour years after legalization there are nearly 200 pot shops in Calgary, making for tough competition for some locally\u002Downed shops.
ソース: calgaryherald - 🏆 64. / 52 続きを読む »

'Cutthroat' cannabis market smoking out some Calgary pot shopsFour years after legalization there are nearly 200 pot shops in Calgary, making for tough competition for some locally\u002Downed shops.
ソース: calgarysun - 🏆 63. / 52 続きを読む »