Decentralized Finance stablecoin platform遭51% Attack 虚假暴富670万美元终失败

Decentralized Finance stablecoin network platform遭遇51% Attack事件

A decentralized finance stablecoin network platform based on a specific protocol has recently become the target of a 51% Attack. According to reports, four miners joined forces to control 70% of the network's computing power, successfully tampering with the platform's data.

The attacker initially had a wallet balance of only 11 dollars, but by manipulating the price of a stablecoin pegged to the Japanese yen, the balance quickly increased to 6.7 million dollars. Subsequently, they converted these funds into the platform's dollar-pegged stablecoin. However, when the attacker attempted to exchange more tokens in the spot trading system and disperse the funds, the operation ended in failure.

An executive from the company behind the protocol stated that the attacker's actions only affected the balance in their own wallet. Due to the protocol's restrictions on rapid asset transfers, the attacker was unable to transfer a large amount of dollar-pegged stablecoins outside the platform. Although a significant amount of assets were generated, they could not be sold off.

The platform stated that the attack lasted for about 20 minutes, but it did not affect the safety of other users' funds.

Interestingly, after the asset transfer failed, the attackers proactively reached out to the platform's officials. They claimed that this was just a "penetration test conducted with the utmost malice," aimed at identifying potential system vulnerabilities and notifying the core development team. Subsequently, the attackers also destroyed all stablecoins involved in the issue.

According to the official introduction, the platform is a decentralized, non-custodial stablecoin network that is pegged to various world currencies and assets, including gold, euros, and US dollars. It features fully auditable and open-source characteristics, supports value transfer, and simplifies the process of converting between different assets.

This event once again highlights the challenges that decentralized finance platforms face in terms of security, and reminds industry professionals of the need to continuously improve system protection measures to counter potential attack risks.