The post AirDAO Under Siege: The Aftermath of a Devastating Cyber Attack appeared first on Coinpedia Fintech News
Disaster struck AirDAO, a community-governed layer one blockchain when it suffered a major breach that resulted in the theft of 35.2 million AMB tokens and 125.51 ETH from its AMB/ETH Uniswap liquidity pool.
The isolated theft was carried out through an advanced social engineering attack which was achieved when the intruder took advantage of the weaknesses to get to the platform in an unauthorized way.
Through the use of deceptive email approaches that imitated genuine partners, the hacker was able to breach AirDAO’s network security which caused them to sustain heavy losses.
According to PeckShield’s monitoring, the stolen funds have already been transferred to different crypto exchanges like MEXC Global, KuCoin and ChangeNOW. On-chain data reveals that these stolen assets were taken to Binance and BitMart.
Air DAO’s swift response
Despite the seri
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