Sep 2024 - OTSea Gray Hat Group Staking ID Hack - $26k (Global)
OTSea is a peer to peer trading platform, which claims to offer better rates than many of the existing liquidity pools.
"We are GG, Grayhat Group. Heads up, we are attempting a token rescue. Some amount of tokens will be sold in the transaction. We do not intend to sell the rest of the tokens, and this is not a ransom. If we succeed we will send a detailed message. Brenden briefly spoke to a scout we sent to drop some hints about this."
"@otseaERC20 staking contract on Ethereum has been exploited for ~$26K by eoa: 0x000000003704BC4ffb86000046721f44Ef3DBABe who repeatedly withdraw the same staking id."
Further Analysis
OTSea is a peer to peer trading platform, which claims to offer better rates than many of the existing liquidity pools. On September 12th, a gray hat hacking group announced they were attempting a token rescue, and then completed an exploit for $26k worth of tokens. The hacking group announced their intentions to return the funds. There are no indications that funds were not returned. The token was relaunched with an even more deflationary model and this relaunch appears to have been successful.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
BaseBros Finance Bridge Audited Rug Pull > > < < Omnipus Presale Contract Vulnerability Refund
Sources/Further Reading
https://web.archive.org/web/20240916181825/https://hacked.slowmist.io/ (Dec 31)
Address 0x000000003704bc4ffb86000046721f44ef3dbabe | Etherscan
(Dec 31)
@cryptolab_00 Twitter (Dec 31)
@otseaERC20 Twitter (Dec 31)
@CertiKAlert Twitter (Dec 31)
Ethereum Transactions Information | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan
(Dec 31)
@CertiKAlert Twitter (Dec 31)
@StefenCrypto Twitter (Dec 31)
@pandaly520 Twitter (Dec 31)
@lunaray_co Twitter (Dec 31)
@0xNickLFranklin Twitter (Dec 31)
OTSea Staking hacked – Defi hack analysis (Dec 31)
@pandaly_team Twitter (Dec 31)
@otseaERC20 Twitter (Dec 31)
https://archive.ph/xfguI (Dec 31)
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