Alexa Pro Project Undergoes Vulnerability Attack and Loses 45 BNBs
According to the news, according to CertiK monitoring, Alexa Pro project suffered a vulnerability attack and lost 45 BNBs (about US $13000). Current evidence s…
According to the news, according to CertiK monitoring, Alexa Pro project suffered a vulnerability attack and lost 45 BNBs (about US $13000). Current evidence shows that price manipulation is the cause of the event. BSC contract address: 0x76c82Eef290f8de6E230cbaddf508f16c202b52B
Alexa Pro project was vulnerable and lost 45 BNBs
Interpretation of the news:
The recent news reveals that Alexa Pro project has faced a vulnerability attack that resulted in losing 45 BNBs (equivalent to US $13000). CertiK monitoring has confirmed the incident, and the evidence points towards price manipulation as the cause of the event. The Binance Smart Chain contract address associated with the Alexa Pro project is 0x76c82Eef290f8de6E230cbaddf508f16c202b52B.
This incident highlights the significance of vulnerability attacks in the cryptocurrency world, where fraudsters manipulate prices and exploit vulnerabilities to their advantage, leading to significant losses for legitimate users. The impact of such incidences is not limited to individual investors, but it also affects the overall trust and reputation of the blockchain ecosystem.
One of the prominent aspects of this event is the involvement of CertiK monitoring. It is a security platform that uses formal verification technology to perform real-time smart contract analysis and vulnerability detection. Its involvement highlights the importance of security in the crypto world and the role that monitoring agencies play in identifying anomalies and preventing fraudulent activities.
Moreover, the event’s cause has been identified as price manipulation, indicating the significance of market dynamics in the crypto ecosystem. The price of a digital asset is subject to several factors, including supply-demand dynamics, news, and market sentiment. Attackers can exploit such factors by creating fake buy/sell orders, spoofing, and other market manipulation techniques. Thus, it is essential to have strict regulations and market surveillance to curb such activities.
Furthermore, the address of the Binance Smart Chain contract associated with the Alexa Pro project is disclosed to enable investors to be cautious and avoid further losses. It highlights the significance of transparency and disclosure in the cryptocurrency world, where fraudulent activities can be concealed behind complex network structures and pseudonyms.
In conclusion, the Alexa Pro project’s vulnerability attack and subsequent loss of 45 BNBs is evidence of the crypto world’s inherent vulnerability to fraudulent activities. It highlights the significance of security measures, market surveillance, transparency, and disclosure in building trust and reputation in the crypto ecosystem.
Overall, it is essential to have stringent measures in place to prevent similar incidents from occurring in the future and protect legitimate users’ investments.
Title: Alexa Pro Project Undergoes Vulnerability Attack and Loses 45 BNBs
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/5143.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Third Summit Raises $4.5 Million In Seed Round To Build Web3 Investment Tools
According to reports, New York based Web3 content creator investment tool development company Third Summit announced the completion of a $4.5 million seed round financing, led by F
-
Call of Saga: A Co-Branded NFT Series by Solana Mobile and Claynosaurz
On April 19th, Solana Mobile announced on social media that the Web3 phone manufacturer has partnered with the NFT project Claynosaurz to launch the co branded NFT series \”Call of
-
FTX Japan Users Withdraw $50 Million in Cryptocurrency and Legal Tender Since Resumption of Cash Withdrawal
According to reports, FTX Japan, a subsidiary of cryptocurrency exchange FTX in Japan, said on the 22nd that since the resumption of cash withdrawal on Februar…
-
Is the Safety of Artificial Intelligence a Concern for President Biden?
According to reports, US President Biden stated on Tuesday that there is still uncertainty about the safety of artificial intelligence (AI) and emphasized that technology companies
-
Solana Finance Director Nivan Bhuta Experiences Telegram Scam Attempt
On April 7th, Twitter user Fatman reported that Solana Finance Director Nivan Bhuta had encountered an Anatoly Yakovenko fraudster impersonating Solana on Telegram. The fraudster d
-
BitKeep Wallet Responds to Hacking Incident with Fund Compensation
On March 1, BitKeep Wallet announced that in response to the previous 729 APK installation package hijacked by hackers, which led to the theft of some users\’ f…
-
What is bxtb?
What is bxtb? According to official news, bXTb is a distributed business applic
-
BitKeep Swap Adds Support for zkSync Era for Cross-Chain Transactions
On April 12th, Web3 Multi Chain Wallet BitKeep announced that BitKeep Swap has added support for zkSync Era across chains by aggregating services from Multichain and SWFT, enabling
-
What is the use of Bitcoin
What is the use of using Bitcoin? According to Cryptoglobal, what is the use of using Bitcoin At present, there are many Cryptocurrency financial products on the market. For example, a lending application called “BTCPay” has recently become popular, which can store digital assets in smart contracts and wallets; Another new feature is the ability to trade encrypted assets on various exchanges, which can result in more funds than fiat currency. In addition, users can also use Bitcoin to purchase other precious metals such as gold or silver as collateral for investment What’s the use of BitcoinBitcoin is the most commonly used word in the blockchain world, and it is also a very important concept in the world of Cryptocurrency. People often say ‘decentralization’ or ‘non tampering’, but it is not as simple as people imagine, but rather a consensus mechanism, incentive system, accounting system, and other components that we now know have been well applied Why is it called…
-
Legal Issues Surrounding DraftKings’ NFT Ventures
According to reports, according to NFTgators’ disclosure on social media, DraftKings is facing litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT. Draftkins, a digital sports entertainment and game company, has launched the Primetime NFT series “2022 College Hoops Collection”. The NFT series will be launched during the college basketball national championship in March. The company has also reached a cooperation with the NFT company Metabilia to launch some NFTs based on the youngest players of the Major League Baseball (MLB). DraftKings faces litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT Analysis based on this information:DraftKings, a well-known digital sports entertainment and game company, has faced legal issues related to their non-fungible token (NFT) ventures. According to reports, NFTgators has disclosed on social media that DraftKings is facing litigation for allegedly selling unregistered securities and operating unregistered exchanges in the form of NFTs. Despite these…