#Moby is suspected of being stolen.#

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On-chain options protocol Moby has reportedly suffered a private key leak, with hackers exploiting the vulnerability to extract approximately $2.5 million worth of cryptocurrency. The Moby team has issued an announcement advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. Currently, Moby is working to restore and maintain a stable and secure environment.

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Analysis

On-chain options protocol Moby has reportedly been hacked, with the attacker exploiting a private key leak vulnerability to modify the execution contract and use the emergencyWithdrawERC20 function to extract approximately $2.5 million worth of cryptocurrency, including 207 ETH, 3.7 BTC, and 1,470,191 USDC. The Moby team has issued an announcement advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security. The Moby team is currently working to restore and maintain a stable and secure environment. This incident serves as a reminder that security issues in the cryptocurrency space should not be overlooked, and users need to carefully safeguard their private keys and update security measures promptly to prevent hacking attacks.

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Moby allegedly leaked private keys, leading to hackers stealing approximately $2.5 million in assets.

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Hackers used the emergencyWithdrawERC20 function to extract ETH, BTC, and USDC.

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Moby recommends users revoke valid approval transactions associated with multiple addresses to ensure asset security.

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Moby is working to restore and maintain a stable and secure environment.

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