Home Security Operations AirDAO falls victim to exploit as hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

AirDAO falls victim to exploit as hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

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AirDAO falls victim to exploit as hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

The community-governed layer one blockchain AirDAO has been the target of a hacker attack, resulting in a loss of 126.5 ETH and 41.61 million AMB tokens. This unfortunate event was disclosed by the AirDAO team in a post on Mar. 21, where they revealed that 35.2 million AMB tokens and 125.51 ETH were stolen from the AMB/ETH Uniswap pool.

The exact method of the attack has not been disclosed, but the team mentioned that the hacker gained unauthorized access through a social engineering scam involving malicious attachments in an email that appeared to be from one of their known partners. In response to this incident, the team assured users that this was an isolated theft of the liquidity pool and that it does not affect users’ funds on the AirDAO blockchain or exchanges, as well as the AirDAO multisig.

To expedite the recovery process, AirDAO has offered the hacker a white hat hacking fee of 10% if the stolen funds are returned promptly, amounting to nearly $870,000. However, if cooperation is not received, the team has expressed its intention to involve law enforcement. They are actively working with exchanges and relevant authorities to identify the hacker and retrieve the stolen funds.

According to data from PeckShield, the stolen funds have been transferred to various centralized exchanges such as MEXC, KuCoin, and ChangeNOW. Some of the stolen funds were also detected on Binance and BitMart. As of now, these platforms have not issued public statements regarding the incident.

AirDAO, established in 2022, is a community-governed blockchain that operates as an ecosystem of web3 decentralized applications powered by the AMB-NET blockchain network and its native token, AMB.

In light of this security breach, the team at AirDAO is focused on recovering the stolen funds and ensuring the safety and integrity of their platform. Users and stakeholders are advised to remain vigilant and report any suspicious activities related to the incident. The cooperation of exchanges and regulatory authorities is crucial in identifying and apprehending the hacker responsible for this attack.

As the investigation and recovery efforts continue, the cryptocurrency community is closely monitoring the developments surrounding the AirDAO hacker attack. Stay tuned for updates on this developing story.

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