#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 cryptocurrencies, including ETH, BTC, and USDC. The Moby team has issued an announcement advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. They are also working to restore and maintain a stable and secure environment.

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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. They used the emergencyWithdrawERC20 function to extract approximately $2.5 million worth of cryptocurrencies, including 207 ETH, 3.7 BTC, and 1,470,191 USDC. The Moby team has responded swiftly, advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. They stated that these measures are preventative to ensure wallet safety and that they are currently working to restore and maintain a stable and secure environment. The incident is still under investigation, and the Moby team is actively taking steps to address the issue and protect user assets.

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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 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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