Ethical Hackers Discover Millions at Risk in Vulnerable Crypto

Hackers Identify Vulnerabilities in DxSale Network

A professional group of hackers, known as ‘Decurity,’ uncovered a significant exploit within the DxSale system. One hacker analyzed a single smart contract and quickly identified a problem. After involving the rest of the team, they discovered that there was a substantial amount of money at stake.

The Problem with Unverified Smart Contracts on the BNB Blockchain

The vulnerability lay within an unverified smart contract on the BNB blockchain. Hackers had access to 21,600 BNB tokens, which at the time of writing, are worth €4.7 million. However, this weakness could also be exploited in other smart contracts, allowing hackers to accumulate even more.

Efforts to Alert the Administrators

Upon discovering the issue, the group promptly contacted the administrators. However, despite their professionalism, their claims were initially disregarded. It took significant persistence from the hackers to convince DxSale to take action.

Developers Secure a Fix, but Rewarded with $500

The project’s developers were brought in and quickly found a solution for the problem. However, this fix did not prevent a potential “rug pull,” in which the individuals behind the project abscond with all the funds.

Furthermore, another department of the DxSale network claimed to have been aware of the BNB exploit. According to them, the contract was unusable. However, they promptly changed their stance after the hackers demonstrated how easy it was to steal the tokens.

After resolving the vulnerability in the BNB contract and several others, DxSale offered a reward. The group of hackers received a total of $500 for their efforts, which was far from sufficient to cover the costs involved. Perhaps they can buy a Playstation 5 for the headquarters with the reward.