AA NewsCrypto NewsHacking

Social Money Platform Roll Hacked For $5.7M as Social Tokens Dump

The Roll network allows users to mint branded digital tokens unique to their online presence in order to generate value and provide a way for fans and followers to show loyalty.
On March 14, the hot wallets on the Roll platform were attacked resulting in the draining of all the tokens which the hacker converted into ETH using Uniswap.
In a blog post, Roll stated that it believes the incident was the result of a compromise of the private keys of its hot wallet, and not a bug in its smart contracts or any token contracts.

Earlier today, the private keys to our hot wallet were compromised.
We’re investigating this with our infrastructure provider, security engineers and law enforcement.
Additionally, we’re putting together a $500,000 fund for creators affected by this. https://t.co/fQ2QbFgVAT pic.twitter.com/93pfyRGhi2
— Roll (@tryrollhq) March 14, 2021
3,000 ETH Lifted
Research analyst Igor Igamberdiev delved into the incursion stating that the attacker earned almost 3,000 ETH worth around $5.7 million. 700 of the social tokens taken have already been sent to Tornado Cash and markets for these types of asses have crashed, he added.
Some of the affected tokens include WHALE, MORK, JULIEN, CHERRY, FWB, KARMA, ALEX, KERMAN, SKULL, HUE, and FIRS. On creator called Maxime Hacquard lamented on the loss:
“I’m a creator and our community just lost EVERYTHING. The $PICA just went to 0. I lost like months of salary. As smaller creative communities we just expect more than this. Hoping for a full refund. Confidence …
Story continues on Crypto Potato

Related posts
ADABTCADAUSDBTCEURBTCGBPbtcusdBTCUSDTCardano (ADA) PriceCrypto NewsETHBTCEthereum (ETH) PriceETHUSDfeatured1SocialSushiSwap

Top 5 Cryptocurrencies Besides Bitcoin to Look for in the Coming Week

The cryptocurrency market is booming over the past few days, with Bitcoin marking a brand new all-time high and capturing the coveted $60,000 mark – another huge milestone. But, as we know from history, the market likes to move in…
AA NewsCrypto NewsNon-Fungible Token (NFT)

BitClout Reportedly Sells Celebrity NFTs Without Consent

A ‘decentralized social network and marketplace ‘ named BitClout sold off celebrity-backed NFTs without authorization. The “iFan-esque” platform, which claimed to be backed by top venture capitalists, can no longer be accessed via its website. A Bit Of NFT Clout…
ADABTCADAUSDBCHBTCBCHUSDBitcoin (BTC) PriceBNBBTCbnbusdBTCEURBTCGBPbtcusdBTCUSDTCrypto NewsDOTBTCDOTUSDDOTUSDTETHBTCETHUSDfeatured1LINKBTCLINKUSDLTCBTCLTCUSDMarket UpdatesSocialUNIBTCUNIUSDUNIUSDTXRPBTCXRPUSD

Bitcoin New ATH Set Around $62K After Gaining $15K In Just 8 Days (Weekend Watch)

Following a few consecutive days in which BTC price came just inches away from breaking its ATH of $58,400, the cryptocurrency finally did it yesterday and went on a wild spike to record a new current top at $61,800. The…