Hacker steals $110,000 worth of EOS, network freezes

EOS network freezes after an attacker abused an exploit on a gambling Dapp to win every roll. So far the hacker has managed to steal $110,000 worth EOS. After the attack, the network has been frozen.

After an attacker used an ongoing exploit on EOS network to win every roll on a gambling dapp, the network has been frozen. So far, the attacker has managed to steal more than $110,000 worth of EOS.

An attacker used REX on the blockchain network to continuously win on the gambling dapp EOSPlay. A twitter user with username Rektkid explained that an attacker rented a load of resources from REX and is using to exploit a gambling dapp EOSPlay and has gathered 30,000 EOS.

Jared Moore reported to a crypto news outlet that until there’s a fork or a patch anyone who spends more than $1000 or more on REX can continue to abuse the exploit on the network. Co-founder of Greymass claimed that the exploit was with the Dapp’s contract and not with EOSIO network.

EOS has a market capitalization of $3.46 billion and is among the top ten cryptocurrencies. At the time of writing, it is being traded at $3.78, 0.2% down from the last 24 hours. The blockchain platform raised 4 billion dollars in the initial coin offering.

Malaki Braydon
Malaki Braydon
Braydon has been into the crypto and blockchain space from the past 7 years. Based in New York City, Braydon has completed his masters from Kingsborough Community College.

Leave a reply

Please enter your comment!
Please enter your name here