On February 14, the developers of the MINER token, created on the basis of the experimental ERC-X standard, reported an exploit of their smart contract, which led to the loss of funds.
At the time of writing, the attack is ongoing. The team claims that they managed to withdraw about 130 ETH (~$360,000) of liquidity.
According to them, a number of other contracts, in particular DN-404, faced a similar hack.
The developers of MINER strongly recommended that users refrain from buying a token until the problem is resolved. An internal investigation is underway.
Malicious transactions in the MINER protocol were also reported by Cyvers Alerts analysts. According to them, the losses currently amount to about $460,000.
Over the past hour, the price of MINER has fallen by more than 60%, according to GeckoTerminal. The token is currently trading at $8.
MINER is a collection of 100,000 avatars linked to the first tokens created based on the experimental ERC-X standard. It combines the characteristics of ERC-20, ERC-404, ERC-721, ERC-721A, ERC-721Psi, ERC-1155 and ERC-1155Delta assets.
At the time of writing, the attack is ongoing. The team claims that they managed to withdraw about 130 ETH (~$360,000) of liquidity.
According to them, a number of other contracts, in particular DN-404, faced a similar hack.
The developers of MINER strongly recommended that users refrain from buying a token until the problem is resolved. An internal investigation is underway.
Malicious transactions in the MINER protocol were also reported by Cyvers Alerts analysts. According to them, the losses currently amount to about $460,000.
Over the past hour, the price of MINER has fallen by more than 60%, according to GeckoTerminal. The token is currently trading at $8.
MINER is a collection of 100,000 avatars linked to the first tokens created based on the experimental ERC-X standard. It combines the characteristics of ERC-20, ERC-404, ERC-721, ERC-721A, ERC-721Psi, ERC-1155 and ERC-1155Delta assets.
