#Moby is suspected of being stolen.#

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On-chain options protocol Moby has reportedly been hacked, with the attacker exploiting a private key leak vulnerability to modify and execute contracts, stealing approximately $2.5 million worth of cryptocurrencies, including ETH, BTC, and USDC. Moby officials have issued a statement advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security, and stated they are working to restore and maintain a stable and secure environment. The incident is still under investigation, and specific details have not yet been released.

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Analysis

On-chain options protocol Moby has reportedly suffered a private key leak, with hackers exploiting the leaked key to modify and execute contracts, extracting approximately $2.5 million worth of crypto assets, including 207 ETH, 3.7 BTC, and 1,470,191 USDC, through the emergencyWithdrawERC20 function. Moby officials have responded to the incident, advising users to revoke valid approval transactions associated with multiple addresses to ensure asset security, and stating that they are working to restore and maintain a stable and secure environment. While the specific details of the incident have not yet been fully disclosed, the suspected private key leak in Moby serves as a reminder of the security risks in the crypto industry, urging users to carefully safeguard their private keys and take timely security measures to protect their assets.

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Moby suspected private key leak led to hackers stealing about $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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