Decentralized game publisher Treasure has announced that it successfully contained the security breach that compromised its users’ accounts earlier this week.
And we’re back. ✨
Thanks for your patience as we’ve been working diligently to get @PlayOnTreasure and @playbridgeworld back into their rightful hands.
We take matters of security very seriously and have contained the issue. We’ve seen significantly more phishing attempts… https://t.co/Ov36l6nubT
— Treasure (@Treasure_DAO) July 25, 2023
On July 24, the crypto game publisher confirmed that its Playontreasure and Playbridgeworld X accounts were compromised. As a result, users were promptly advised not to interact with any links shared by these affected accounts.
🚨 PSA 🚨
Please do not interact with links shared by @PlayOnTreasure + @playbridgeworld at this time.
The accounts have unfortunately been hacked and we are working to regain access.
There is NO airdrop, new mint of TreasureTags, or anything else planned for today. Be safe.
— Treasure (@Treasure_DAO) July 24, 2023
In its new announcement on July 25, 2023, Treasure revealed that it has successfully restored the affected accounts to their rightful owners.
Despite resolving the security breach, Treasure has not disclosed specific details regarding the hack’s methodology or its impact on users. However, the company issued a stern warning to all users, urging them to prioritize their safety and exercise extreme caution.
The game publisher also noted an increase in phishing attempts within the Treasure community and the broader Arbitrum ecosystem. It urged its users to remain vigilant against potential threats and take necessary precautions to safeguard their accounts and digital assets.
Prominent figures in the cryptocurrency industry, including Binance CEO Changpeng Zhao, have also expressed concerns about phishing attacks. On July 21, 2023, Zhao issued a warning to the community about the rising prevalence of phishing hacks. He strongly recommended that crypto exchange customers transition from cell carrier-based two-factor authentication (2FA) to more secure hardware-based 2FA devices, emphasizing the importance of robust security measures.
DeFi projects have witnessed more attacks from hackers in recent times. In a more recent event, Conic Finance, a DeFi protocol operating under Curve DEX, was the target of an exploit that took advantage of a critical flaw that allowed a hacker to abscond with 1700 ETH, valued at over $3.2 million.
The security team at BlockSec identified that the attacker exploited a reentrancy vulnerability in Conic Finance’s code. Through this weakness, the attacker could execute unauthorized withdrawals of additional funds by repeatedly invoking a specific function within a single transaction.
During a recent appearance at the Ethereum Community Conference (ETHCC) in Paris, Mudit Gupta, the chief information security officer at Polygon, shed light on the challenges faced by defenders in the cybersecurity realm.
Gupta emphasized the difficulty of protecting every potential entry point, stressing that even a single vulnerability could lead to a successful breach. In contrast, attackers have a simpler task as they only need to exploit a vulnerable method of entry to achieve their goals.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
