Decentralized Music Platform Audius Releases Post-Mortem from Attack

Decentralized music platform Audius released the post-mortem from the attack. Audited contracts were compromised due to an exploit in the contract initialization code that allowed repeated invocations of the "initialize" function. This allowed an attacker to modify the voting system and set erroneous stake values in the network, leading to a malicious transfer of 18MM $AUDIO tokens held by the Audius governance contract (referred to as the "community treasury") their wallet. In addition, Audius claims that all remaining funds are safe and fixes have been deployed. At this point all remaining smart contract components have been updated and unpaused except staking and delegation. The team expects to have these online within the next couple of days, after changes have been reviewed.
Source

Music

Security Incidents

NFT

In This Article

Related News
Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint
Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Latest News More More
12 Hours Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
5 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open