QI Quadriga Initiative

Jun 2024 - APEMAGA Smart Contract Drained - $32k (Global)

Contract: 0x56ff4afd909aa66a1530fe69bf94c74e6d44500c

$APEMAGA on #Ethereum is suspected to be attacked, with a loss of ~$32K.

Attacker:
0xb297735e9fb3e695ccce3963bfe042f318901ea0

Attack transaction:
https://app.chainaegis.com/result?type=eth&search=0xb310d76120a8a1124533e49d6e91721624435b0df240b54c897307205df06105
Loss 59,632,616 $APEMAGA, Converted to 9.37 $ETH.

"Loss 59,632,616 $APEMAGA, Converted to 9.37 $ETH."

"APEMAGA on Ethereum is suspected to be attacked, with a loss of ~$32K."

"Loss 59,632,616 $APEMAGA, Converted to 9.37 $ETH."

Further Analysis

APEMAGA launched without any marketing, website, or social media. Within an hour of launch, the APEMAGA smart contract was drained of $32k. It is unclear what caused the attack, and what the effect was on any users of the protocol.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

Cyber Phishing From Discord Server Hack > > < < MetaMax Arrests Revenue Payouts Stop

Sources/Further Reading

SlowMist Hacked - SlowMist Zone (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan (Dec 31)
@Bilaxy_exchange Twitter (Dec 31)
@sharkteamorg Twitter (Dec 31)
@axon_alert Twitter (Dec 31)
@atlantes_io Twitter (Dec 31)
@CoinspeedrunBot Twitter (Dec 31)
APEMAGA (APEMAGA) contract is 0x56ff4afd909aa66a1530fe69bf94c74e6d44500c on ETH | Top100Token (Dec 31)
@ChainAegis Twitter (Dec 31)
https://dexscreener.com/ethereum/0x45f4186a2b5a25b8783caffd0f1a68cdefb89105 (Dec 31)
ChainAegis (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan (Dec 31)
APEMAGA (APEMAGA) Token Tracker | Etherscan (Dec 31)


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