News

Ethereum Alarm Clock exploit leads to $260K in stolen gas fees

2022/10/20 03:00

According to Cointelegraph, a bug in the smart contract code for the Ethereum Alarm Clock service has been exploited, with nearly $260,000 said to have been swiped from the protocol so far. The Ethereum Alarm Clock enables users to schedule future transactions by pre-determining the receiver address, sent amount, and desired time of transaction. Users must have the required Ether on hand to complete the transaction and need to pay the gas fees upfront. According to an Oct. 19 Twitter post from blockchain security and data analytics firm PeckShield, hackers managed to exploit a loophole in the scheduled transaction process which allows them to make a profit on returned gas fees from canceled transactions. Web3 security frim Supremacy Inc also provided an update, pointing to Etherscan transaction history that showed the hacker(s) were so far able to swipe 204 ETH, worth roughly $259,800.
bullishbullishbullishBullishbearishbearishbearishBearish2Share
Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

  • Image

    The Ethereum Bulls Come Out To Support New ETH Gambling ICO Mpeppe Currently at $0.0021

  • Image

    Ethereum’s Bounce Back Allows Investors To Capitalize With Mpeppe’s Gains-Proven Coin

  • Image

    Ethereum Struggles To Bring a Bullish Sentiment To The Community Investors Join Explosive Mpeppe ICO

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    The Ethereum Bulls Come Out To Support New ETH Gambling ICO Mpeppe Currently at $0.0021

  • Image

    Ethereum’s Bounce Back Allows Investors To Capitalize With Mpeppe’s Gains-Proven Coin

  • Image

    Ethereum Struggles To Bring a Bullish Sentiment To The Community Investors Join Explosive Mpeppe ICO