#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 valid approval transactions associated with multiple addresses, stating they are working to restore and maintain a stable, secure environment. The incident is currently under investigation, with specific details yet to be released.

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Analysis

On-chain options protocol Moby has reportedly suffered a private key leak, with hackers exploiting the leaked key to modify and execute contracts, extracting approximately $2.5 million worth of cryptocurrency through the emergencyWithdrawERC20 function. This includes 207 ETH, 3.7 BTC, and 1,470,191 USDC. The Moby team has issued an announcement advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. Currently, Moby is working to restore and maintain a stable and secure environment. This incident serves as a reminder to users that private key security is paramount, and any private key leak can lead to significant losses.

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Moby allegedly leaked private keys, hackers exploited vulnerabilities to extract approximately $2.5 million in cryptocurrency.

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Moby is taking steps to protect user asset security and recommends revoking valid approved transactions associated with multiple addresses.

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

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This incident reminds users to pay attention to private key security and promptly revoke authorized transactions associated with suspicious addresses.

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