November 5, 2023
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Analyzing Recent EVM Exploits: Trends and Insights

Recent Trends in EVM Exploits

As the Ethereum ecosystem evolves, so do the tactics used by malicious actors. This article analyzes recent EVM exploits, providing insights into emerging trends and how developers can stay ahead.

Emerging Exploit Techniques

  • Flash Loan Attacks: These attacks exploit the ability to borrow assets without collateral, allowing attackers to manipulate markets.
  • Phishing and Social Engineering: Attackers often use phishing techniques to gain access to private keys and exploit vulnerabilities.

Staying informed about these trends is crucial for developers to protect their applications.

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  1. Follow-up: Conduct a follow-up review to ensure that the remediation steps were effective and that the smart contract is now secure.
  2. Follow-up: Conduct a follow-up review to ensure that the remediation steps were effective and that the smart contract is now secure.

In Brief

  • Remitano suffered a $2.7M loss due to a private key compromise.
  • GAMBL’s recommendation system was exploited.
  • DAppSocial lost $530K due to a logic vulnerability.
  • Rocketswap’s private keys were inadvertently deployed on the server.

Hacks

Hacks Analysis

Huobi  |  Amount Lost: $8M

On September 24th, the Huobi Global exploit on the Ethereum Mainnet resulted in a $8 million loss due to the compromise of private keys. The attacker executed the attack in a single transaction by sending 4,999 ETH to a malicious contract. The attacker then created a second malicious contract and transferred 1,001 ETH to this new contract. Huobi has since confirmed that they have identified the attacker and has extended an offer of a 5% white hat bounty reward if the funds are returned to the exchange.

Exploit Contract: 0x2abc22eb9a09ebbe7b41737ccde147f586efeb6a

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