DeFi Platform Bankroll Status Suffers Major Breach, $230K Lost: Report

CryptoNews.com · 2024-09-23T02:57:41+00:00

Bankroll Status on BNB Chain DeFi platform suffers a $230k loss in a recent hack, suspected to be carried out by the infamous DualPools hacker group, with evidence of a smart contract deployment possibly serving as the entry point. The investigation is ongoing.

CryptoNews.com

2024-09-23 02:57:41

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Bankroll Status Crypto Exploit Hack

The evidence points to a smart contract deployed 90 days ago, which possibly served as the hacker’s entry point. Last updated:

September 23, 2024 06:57 EDT

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Sujha Sundararajan

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Sujha Sundararajan

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Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

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Last updated:

September 23, 2024 06:57 EDT

Why Trust Cryptonews With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews Bankroll Status, a BNB Chain-based decentralised finance (DeFi) platform, suffered a significant breach on Monday, resulting in a $230,000 loss. The hacking tactics appear to follow the same pattern as used in previous DualPools attacks.

Flagged by a cybersecurity firm, Cyvers s, the infamous DualPools hacker group reportedly carried out the hack.

Shockingly, the evidence points to a smart contract deployed 90 days ago, which possibly served as the hacker’s entry point.

“Our has detected malicious contract deployment targeting Bankroll 90 days ago,” the cybersecurity firm wrote on X.

🚨🚨Our has detected a suspicious transaction involving @Bankroll_Status on #BNB with loss of #230k

It seems that #dualpools hacker is behind the suspicious transaction!. Our has detected malicious contract deployment targeting #Bankroll 90 days ago!

Want to… pic.twitter.com/iI9j7H6yC3

— 🚨 Cyvers s 🚨 (@Cyverss) September 23, 2024

Further, Cyvers has warned to users, urging them to secure their assets and prevent future attacks. However, the investigation into the exact mechanism of the hack is still ongoing.

The DualPools Threat Pattern

According to UEEx data, the attackers stole around $4.6 million worth of various cryptocurrencies from DualPools. The exploit drained around 750,000 Bitcoins in February 2024.

Following the hack, DualPools acknowledged the exploit and paused operations. Further, it implemented improved security measures for their hot wallets, however, specifics were not disclosed publicly.

According to cybersecurity experts, a vulnerability within Dualpools’ hot wallet security allowed unauthorised access. Other possibilities include compromised server security and weak private key management.

DEFI8,16%

SNT-2,67%

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