Superrere NFT platform loses $ 730k in rare token exploitation

A significant bug in the superre, which consists of an attacker for withdrawal of $ 730,000 in rare tokens.

Summary

  • Supercare lost $ 730,000 for a hack.
  • The attackers targeted its staging contract.
  • The Critical Bugs enabled anyone to get ownership.

Crypto hacks continue to plague the crypto protocol. On Monday, July 28, an important vulnerability on the NFT platform superre (rare) enabled the attackers to steal an estimated $ 730,000 in rare tokens. For several crypto security platforms, including blockads, the attackers targeted the superre stacking contracts.

In particular, the attackers targeted the rarestakingv1 staking contract, which was suffering from a significant vulnerability in its code. The most content analysts showed that the Rarestakingv1 contract had a bag that enabled anyone to pass and handle the contract.

X Post RAZ NIV, co-founder and CTO’s CTO, interpret the superreyer hack. Source: X

After the attackers managed to take contact with smart contact, they transferred the property to their wallet. Nevertheless, blockchain security experts stressed that only the stacking contract with NFT marketplace and rare tokens had been attacked.

After hack the superrare token takes 6% dip

After the hack, the superrey token dipped 6%, from its daily high $ 0.0617 to $ 0.05815. Nevertheless, the token remains above its weekly climb and is 13% above the month. This is like the fact that vulnerability affected only a small magnitude of assets on the market.

Currently, the rare has a market cap of $ 48.01 million. Kas for Dapradar, superreder marketplace has a lifetime of $ 249.71 million with 6,120 individual traders. Nevertheless, the volume at the NFT Marketplace took an important dip in the revived years. In the last 30 days, the platform recorded only $ 2,120 in sales, with average sales falling under $ 450.

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