The public chain project was attacked by hackers, resulting in a loss of 16.96 million dollars, raising security concerns.

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Recently, the Blockchain security monitoring platform observed a significant security incident. On the evening of November 13th, a project on a certain public platform was attacked by a Hacker, resulting in a loss of approximately 16.96 million dollars.

It is reported that the attacker exploited a smart contract vulnerability to carry out this attack. Some of the stolen funds have been transferred through mixing services in an attempt to conceal the flow of funds. Another portion of the funds is stored in two specific addresses.

Security experts have locked onto the attacker's address by analyzing on-chain data and tracked down two key attack transactions. This information is crucial for subsequent tracking and potential asset recovery efforts.

It is worth noting that the latest on-chain data indicates that the attackers seem to have started attempting to communicate with the project team. This trend has sparked speculation in the industry about possible negotiations.

Such security incidents remind blockchain projects of the importance of strengthening security audits. At the same time, it highlights the vulnerability of cross-chain protocols in the face of complex attacks. With the rapid development of decentralized finance, finding a balance between innovation and security has become an important issue facing the entire industry.

Insiders call for relevant project parties to disclose event details in a timely manner and take necessary measures to protect user rights. At the same time, the entire industry also needs to continuously improve security mechanisms and enhance its defense capabilities against various types of attacks.

A security incident occurred in the FLARE project on the BSC Blockchain, resulting in a loss of nearly 17 million dollars

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GetRichLeekvip
· 9h ago
Oh no, there are new suckers joining me in getting Rekt again! The crypto world is really thrilling~
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SchrodingerAirdropvip
· 19h ago
Security? Written in black and white.
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DeadTrades_Walkingvip
· 07-22 20:50
Earn a knife a day, lose entire savings in a month.
View OriginalReply0
TrustlessMaximalistvip
· 07-22 13:45
Can the project party be reliable this time?
View OriginalReply0
ChainSherlockGirlvip
· 07-22 13:41
I originally thought it was just a technical job, but the negotiation part is quite interesting~
View OriginalReply0
DogeBachelorvip
· 07-22 13:30
The security team is unreliable!
View OriginalReply0
PumpDoctrinevip
· 07-22 13:28
Loss again, really bad.
View OriginalReply0
MetaMuskRatvip
· 07-22 13:27
Hacker took money again, and negotiations are needed.
View OriginalReply0
WalletInspectorvip
· 07-22 13:15
I've been clipped again.
View OriginalReply0
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