0G Foundation has confirmed a targeted attack on its reward contract, resulting in the theft of 520,000 0G tokens, 9.93 ETH, and $4,200 USDT. The attacker exploited an emergency withdrawal function and laundered the stolen assets through Tornado Cash. The breach was traced back to a leaked private key from an Alibaba Cloud instance, granting the attacker control over the reward contract.
In response, 0G Foundation has revoked and replaced all compromised private keys, deployed enhanced AliCloud firewalls and security suites, and patched the vulnerabilities. The foundation assured that core blockchain infrastructure and user funds remain secure.
0G Foundation Suffers Targeted Attack, Loses $420,000 in Crypto
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
