Apr 6, 2023 11:56:36 AM
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Apr 6, 2023 11:56:36 AM
The Target: SafeMoon, a DeFi platform for cryptocurrency trading.
The Take: Theft of $8.9 million USD.
The Vector: A software feature intended for internal use only was set to public, allowing attackers to exploit and artificially inflate the price of the SafeMoon token and then sell them for large amounts of cash.
This breach is critical reminder that new software features must be thoroughly tested before deployment. In addition, ensuring proper access settings around this kind of software is paramount for an overall robust cybersecurity posture.
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