EasyFi
Contents
EasyFi - REKT
The first hack on Layer 2 was EASY.
The Polygon (formerly MATIC) network saw $6 million in stablecoins and ~$53 million in EASY tokens taken without any complications, when the mnemonic keys for EasyFi fell into the wrong hands.
The founder has compared the attack techniques to those used on Hugh Karp of Nexus Mutual - a compromised machine leading to total loss of liquidity.
How should we react when users' funds are lost in this way?
There’s no debate between “hack or exploit” in cases like this, however more sceptical readers may consider the term “fraud”.
The hacker didn’t attack through any holes in the code, and the founder seems to have used reasonable security measures, yet still they end up at number one on the rekt.news leaderboard.
Is nobody safe?
Despite the public announcement of the attack and the fact that the hacker is now holding 2.98 million EASY tokens, the price of …
The first hack on Layer 2 was EASY.
The Polygon (formerly MATIC) network saw $6 million in stablecoins and ~$53 million in EASY tokens taken without any complications, when the mnemonic keys for EasyFi fell into the wrong hands.
The founder has compared the attack techniques to those used on Hugh Karp of Nexus Mutual - a compromised machine leading to total loss of liquidity.
How should we react when users' funds are lost in this way?
There’s no debate between “hack or exploit” in cases like this, however more sceptical readers may consider the term “fraud”.
The hacker didn’t attack through any holes in the code, and the founder seems to have used reasonable security measures, yet still they end up at number one on the rekt.news leaderboard.
Is nobody safe?
Despite the public announcement of the attack and the fact that the hacker is now holding 2.98 million EASY tokens, the price of …
IoC
3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C