Earlier today, a suspicious transaction involving SeamlessFi on the BASE network raised alarm after a malicious contract was deployed on September 13, 2024, at 11:57:04 UTC.
Just minutes later, at 13:04:40 UTC, a hack was executed, resulting in the theft of approximately $130,000. The stolen funds were quickly bridged to the Ethereum network and subsequently deposited into Tornado Cash, a service often used to obfuscate fund transfers.
🚨ALERT🚨Our system flagged a suspicious transaction involving @SeamlessFi on the #BASE network earlier today.
A malicious contract was deployed on 13.09.2024 at 11:57:04 UTC, and a hack was executed just minutes later at 13:04:40 UTC.
The attacker bridged approximately $130K in… https://t.co/mbDXb3Ku9D pic.twitter.com/1JtLWmXg7w— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 13, 2024
SeamlessFi Team Confirms That All Funds Are Safe
Despite the severity of the incident, the SeamlessFi team has assured users that all funds on their platform remain safe. In an official statement, the team confirmed that SeamlessFi itself was *not* compromised during the attack. The hack was related to an external malicious contract and did not target the protocol directly.
Contributors from SeamlessFi have thoroughly investigated the incident and verified that the platform’s security remains intact. Additionally, the team is collaborating with security experts and other projects on the Base network to ensure clear communication and transparency. They aim to dispel any rumors or misinformation about SeamlessFi being affected by the breach.
GM All, important immediate update:
1. Funds on Seamless are SAFU.
2. Seamless contributors have investigated claims of a hack on the protocol and confirmed the protocol was NOT exploited.
3. Seamless contributors are working with security teams and other Base projects to…
— Seamless Protocol 🅢 #BuildOnBase (@SeamlessFi) September 13, 2024
While the attacker managed to bridge and hide the stolen assets, the SeamlessFi protocol continues to operate securely. The incident has sparked conversations within the crypto community, but for now, SeamlessFi users can rest assured that their funds are secure, and the platform is not at risk. The team is actively working to prevent any confusion surrounding the situation and ensure the continued safety of its users’ assets.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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