#Moby is suspected of being stolen.#

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Overview

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 cryptocurrency. The Moby team has issued an announcement advising users to revoke any valid approval transactions associated with the relevant addresses, stating that they are working to restore and maintain a secure environment. The specific cause of the private key leak remains unclear, but the incident has raised concerns about cryptocurrency security.

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Analysis

The on-chain options protocol Moby has allegedly suffered a private key leak, with hackers exploiting the leaked key to modify and execute contracts. They used the emergencyWithdrawERC20 function to extract 207 ETH, 3.7 BTC, and 1,470,191 USDC, totaling approximately $2.5 million. Moby has responded to the incident, advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. Moby is currently working to restore and maintain a stable and secure environment. This incident has raised concerns about on-chain security and serves as a reminder for users to be vigilant about security when using on-chain services, to safeguard their private keys, and to stay informed about official announcements.

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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 cryptocurrencies such as ETH, BTC, and USDC.

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Moby recommends users revoke valid approval transactions associated with specific 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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