VirPay

🚨 SlowMist Weekly Security Report (May 20 - May 26, 2024) 🚨 Total Losses: Over $23M Highlights: 1. NORMIE: $490K lost via flash loan attack exploiting a design flaw in the cross-chain bridge, causing a price crash. ⚡ 2. TonUP: $107K lost due to contract vulnerability; users mistakenly claimed staked UP assets. 🛡️ 3. YON: $118K lost on BNBChain due to a vulnerability in the transferFrom function. ⚠️ 4. Rho Markets: Official Twitter hacked, posted suspicious links. 🐦 5. Gala Games: $22.5M lost due to private key leakage, but funds were returned. 🔑 Security Tips: - Implement stringent quality control measures and peer reviews for smart contract configurations. - Secure social media accounts with strong passwords and multi-factor authentication to prevent hacks. - Protect private keys with robust security measures, including hardware wallets and secure backups. - Conduct frequent security audits and penetration testing to identify and address potential weaknesses. - Provide comprehensive training for developers and security teams on best practices and emerging threats. Please note that the list above contains all the reported events; there could have been others that weren't reported. For additional information, check out hacked.slowmist.io As always, stay vigilant!

It's that time of the month again. Let's compare some stats from April vs March. Total Reported Incidents: 37 Total Losses: ~$91M Interesting Stats: -15 exit scams but totaling ~41.4% of total lost -10 contract vulnerabilities, totaling 51.7% of total lost Find out more at: slowmist.medium.com/slowmist…