Unleash Protocol Multi-Signature Vulnerability Scandal: Over 1300 ETH Flowing to Mixer, Protocol Fully Suspends Review

【CryptoWorld】Unleash Protocol Exploits Multi-Signature Contract Vulnerability, User Funds at Serious Risk.

According to monitoring by security firm CertiK Alert, assets held by users such as WIP, USDC, WETH, stIP, and vIP were subject to unauthorized withdrawals in this incident. Most concerningly, the attacker has transferred 1,337.1 ETH (approximately $3.9 million) to Tornado Cash for mixing, further complicating tracking efforts.

Upon learning of the risk, the Unleash team responded swiftly. They have initiated comprehensive risk control measures—halting all operational functions of the protocol to prevent further fund outflows. Meanwhile, the team is working closely with multiple security experts to conduct a systematic review of the entire governance process, aiming to identify the root cause of the vulnerability and prevent similar incidents from happening again.

This incident serves as a reminder that while multi-signature mechanisms are generally considered a security safeguard, flaws in configuration or governance can also become entry points for attacks. For users holding related assets, staying updated with the project’s subsequent announcements is crucial.