#Moby is suspected of being stolen.#

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Overview

On-chain options protocol Moby has reportedly been hacked, with the attacker exploiting a private key leak vulnerability to modify and execute contracts, stealing approximately $2.5 million worth of crypto assets, including ETH, BTC, and USDC. The Moby team has taken action, advising users to revoke any valid approval transactions with the relevant addresses, and is working to restore and maintain a stable and secure environment. The incident is still under investigation, and specific details have not yet been released.

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Analysis

On-chain options protocol Moby has reportedly suffered a private key leak, with hackers exploiting the vulnerability to extract approximately $2.5 million worth of cryptocurrencies, including ETH, BTC, and USDC. Following the incident, the Moby team swiftly took action, advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. Currently, Moby is working diligently to restore and maintain a stable and secure environment. This event has raised concerns about the security of on-chain options protocols and serves as a reminder for users to exercise caution when using such platforms and take necessary security measures, such as revoking expired authorizations and using secure wallets.

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Classic Views

Moby allegedly leaked private keys, leading to hackers stealing approximately $2.5 million in assets.

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Hackers used the emergencyWithdrawERC20 function to extract digital assets such as ETH, BTC, and USDC.

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Moby recommends users revoke valid approval transactions associated with multiple addresses to ensure asset security.

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Moby is working to restore and maintain a stable and secure environment.

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