FilDA Multi-Chain Lending Agreement Faces Cyber Attack and Losses of $700,000

04/23/2023 11:46 • Metaverse & Beyond • 68 views

On April 23, it was reported that FilDA, a multi chain lending agreement, issued a statement on exploit, saying that it had been attacked on the Yilai Cloud intelligent chain (ESC) and REI network earlier today and had caused losses of about 700000 dollars. No other FilDA deployments were affected. Identified vulnerabilities and isolated attack media. The ESC and Rei FilDA platforms have been suspended and will only resume after a thorough review of the current situation. We will collaborate with CEX, security companies, and other parties to analyze on chain activities to help track and monitor these addresses. Law enforcement will be required to investigate this case and affected users will be encouraged to contact local law enforcement so that they are aware of the theft incident.

FilDA of the multi chain lending agreement issued a statement on exploit: it has caused losses of about 700000 dollars

Introduction

On April 23, 2021, FilDA, a multi-chain lending agreement, issued a statement confirming that they had been attacked on the Yilai Cloud intelligent chain (ESC) and REI network, resulting in a loss of $700,000. In this article, we will delve deeper into the details of the attack, the identified vulnerabilities, the measures taken by FilDA, and the steps they plan to take in the future.

What Happened?

FilDA suffered a cyber attack on the ESC and REI network, leading to a loss of about $700,000 due to identified vulnerabilities. However, the attack was contained and did not affect any other FilDA deployments. The company has taken measures to isolate the attack media and suspend the affected platforms until a thorough review of the situation is conducted.

Response and Measures

FilDA has quickly responded to the attack and taken measures to strengthen their security protocols. They have suspended the affected platform operations and reached out to security companies, CEX, and other relevant parties to analyze on-chain activities and track and monitor the affected addresses.
Moreover, the company has encouraged affected users to contact local law enforcement, and they will cooperate in the investigation of the case. FilDA is committed to ensuring the security and privacy of their customers and has pledged to review and improve their security measures to prevent future attacks.

Conclusion

In conclusion, the cyber attack suffered by FilDA highlights the critical need for businesses to implement robust and effective security protocols. The company has taken swift action in response to the attack and is working to strengthen its security measures to prevent future breaches.

FAQs

Q1. What is FilDA?

FilDA is a multi-chain protocol for peer-to-peer lending and other decentralized finance (DeFi) applications. It operates across multiple blockchains, including Ethereum, Binance Smart Chain, and HECO.

Q2. How did the attack happen?

The cyber attack happened due to identified vulnerabilities in the Yilai Cloud intelligent chain (ESC) and REI network, resulting in a loss of about $700,000.

Q3. What measures has FilDA taken to prevent future attacks?

FilDA has suspended the affected platform operations and reached out to security companies, CEX, and relevant parties to conduct a review of the incident. Moreover, they have encouraged affected users to contact law enforcement and have pledged to improve their security measures to prevent future attacks.

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