#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 taken action, advising users to revoke any valid approval transactions associated with the relevant addresses, and stating that they are working to restore and maintain a secure environment. The incident is currently under investigation, and the specific losses and subsequent handling plans have not yet been disclosed.

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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 crypto assets, including 207 ETH, 3.7 BTC, and 1,470,191 USDC, through the emergencyWithdrawERC20 function. The Moby team has issued an announcement advising users to revoke any valid approval transactions associated with four specific 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, leading to hackers stealing approximately $2.5 million in cryptocurrency.

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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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