TreasureDAO’s marketplace has been hacked
An exploit has been discovered on Treasure, the largest marketplace for non-fungible tokens (NFTs) on the Arbitrum network. Last Thursday, hackers purchased over 100 NFTs at zero cost. The most popular NFT traded on Arbitrum, Smol Brains lost 426,511.38 MAGIC, or about $1.4 million, according to the prices given on the TreasureDAO platform.
“Treasure DAO, an NFT trading platform on Arbitrum, was exploited by an unknown attacker who took advantage of a flaw in the platform’s code,” stated Certik, a company that analyzes, monitors, and assesses smart contracts, blockchain tech, and decentralized finance protocols. “The exploit resulted in the loss of more than 100 NFTs from unsuspecting users. After some initial analysis and tracing of the hacker’s wallet on Twitter, many stolen NFTs were returned.”
TreasureDAO co-founder John Patten confirmed the exploit in a tweet on March 3 and warned users to remove their items from the marketplace.
“Treasure marketplace is being exploited. Please delist your items. We will cover the costs of the exploit—I will personally give up all of my Smols to repair this. I cannot fathom what subhuman targets a fair launch marketplace for robbery, but they will not defeat the community,” he said.
Fortunately, on March 5, it still has just 10 NFTs that have not been returned to the owners.
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