SlowMist Weekly Security Update 230625

As we step into a new week, let's glance back at the security incidents that transpired in the web3 ecosystem last week.

Although fewer than previous weeks, we aim for zero.

Here’s what happened:

Date: 2023-06-18

Midas Capital: Contract Vulnerability led to a $600,000 loss.

Date: 2023-06-19

Ara: Flash Loan Attack (an exploit that takes advantage of uncollateralized lending) caused a $124,000 loss.

VPANDA DAO: Two Rug Pull incidents (where project leaders abruptly withdraw liquidity, often after a pump), amassing a loss of $530,000.

Date: 2023-06-20

Shido: Lost $238,500 via an unknown attack.

Slingshot: Monetary loss unknown, but Twitter account was hacked.

IPO: Fell victim to a Rug Pull, losing $102,000.

Astaria: Monetary loss unknown, but Beacon manipulation led to malicious execution.

Total losses for the week: $1,594,500

Please note that the list above contains all the events that were reported, there could have been others that were not reported. For additional information, check out https://hacked.slowmist.io

In the ever-evolving web3 world, security isn't just a priority—it's a necessity. Regular audits paired with constant vigilance are key in safeguarding your digital realm. Remember, the responsibility of security lies with us all.

As always, stay vigilant!