AnubisDAO Suffers Multi-million Dollar Loss in a Cyber Attack

03/06/2023 03:55 • Blockchain Buzz • 123 views

It is reported that according to Paidun early warning monitoring, the address of AnubisDAO attacker (marked as AnubisDAO explorer3) transferred 2500 WETHs to the address beginning with “0x0D19”, and cleaned 2400 ETHs (about $3.76 million) through Tornado Cash.

AnubisDAO attackers transferred 2500 WETHs, of which 2400 were transferred to Tornado Cash

Interpret the above information:

AnubisDAO, a decentralized autonomous organization, recently experienced a cyber attack that resulted in the loss of 2400 ETHs or approximately $3.76 million. Paidun early warning monitoring was the first to report the alarming incident. According to the report, the attacker, identified as AnubisDAO explorer3, transferred 2500 WETHs to an unknown address that starts with “0x0D19.” The attacker then proceeded to use Tornado Cash to withdraw the money and clean the transaction trail.

This is yet another unfortunate event that demonstrates the susceptibility of decentralized finance (DeFi) platforms to cyber attacks. AnubisDAO is a protocol that allows users to manage their NFT assets seamlessly. Unfortunately, hackers took advantage of vulnerabilities in the platform’s smart contract to initiate the malicious attack.

The hackers have taken precautions to ensure that the stolen funds cannot be traced back to them by using Tornado Cash, which allows users to mix their Ethereum before transacting. The platform utilizes zero-knowledge proof to ensure that a user’s transaction history is not linked to their wallet address. As such, it is challenging to follow the money trail and identify the perpetrators of the attack.

The financial loss caused by the attack is an enormous setback for AnubisDAO. The platform has already faced several challenges in recent months, including a contentious proposal that nearly led to a hard fork in June. The recent breach is yet another blow to the protocol’s credibility, and it may take a while for users and investors to regain confidence in the platform.

In conclusion, the AnubisDAO cyber attack highlights the need for DeFi platforms to adopt more robust security measures to prevent such incidents from occurring. While it may be challenging to prevent all possible attacks, it is crucial to take appropriate measures to deter potential attackers. The use of Tornado Cash by the hackers further illustrates the need for the DeFi community to be vigilant and work towards creating safer platforms for users to transact with their digital assets.

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AnubisDAO Suffers Multi-million Dollar Loss in a Cyber Attack

AnubisDAO attackers transferred 2500 WETHs, of which 2400 were transferred to Tornado Cash

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