A hacker has begun stealing digital assets that were part of a $6.7 million theft from the TrustedVolumes streaming service, cybersecurity firm PeckShield said.
PeckShield he says New data shows that a hacker has started moving hundreds of thousands of dollars of Ethereum (The price of ETH).
“The TrustedVolumes exploiter has stolen $278,000 in stolen funds so far: they invested 10.2 ETH ($23,600) in TornadoCash and stole 110 ETH ($250,000) via THORChain to BTC; they also tried ETH back to 0. TrustedVolumes was fed ~$6.7 million on May 7.
TrustedVolumes he says that he is ready to negotiate a settlement with the executor. The company also listed three wallet addresses, two of which have approximately $3 million and $700,000 worth of stolen crypto.
“We were recently employed…
We are open to effective communication regarding damage information and acceptable repairs. ”
Blockchain security firm QuillAudits he says that a hacker was able to drain millions in a single transaction by exploiting a design flaw in the platform’s system.
“TrustedVolumes acts as a 1inch market maker and solution provider, offering on-chain financing through a Request-for-Quote (RFQ) project…
In the RFQ model, a developer signs an order, specifying a specific value of tokens. The recipient submits the signed text to the settlement agreement, which verifies the signature and executes the exchange atomically. The system relies on three guarantees that work in concert, the developer must have the consent of those who can sign the order on his behalf, each signed order must be filled only once (duplication protection), and the sign of filling must be a third party owner, a reconfirmer.
In the implementation of TrustedVolumes, all three authentications failed at the same time, and the attacker exploited them in a single creation. “
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