A multi-signature address was attacked, and approximately 1,337 ETH were transferred out, then moved into a hidden fund pool. The assets are valued at nearly $3.9 million. The security team traced the transfer and found that the moved funds included Wrapped ETH and Story tokens, both originating from suspicious withdrawal records of the multi-signature wallet. This incident once again highlights the vulnerabilities of multi-signature mechanisms in certain scenarios and reminds ecosystem participants to evaluate their fund management strategies more cautiously. Similar large-scale transfer events occur frequently on Ethereum, and the market needs more transparent security tracking mechanisms.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
RugpullAlertOfficer
· 7h ago
Is it another multi-signature breach? This trick needs to be changed; $3.9 million is gone just like that.
View OriginalReply0
ProbablyNothing
· 7h ago
Multi-signature can also be manipulated, which is outrageous. $3.9 million just slipped into the hidden pool like that, it seems safety awareness is still too low.
View OriginalReply0
PerpetualLonger
· 7h ago
$39 million just gone like that? Damn, I need to check my multi-signature wallet immediately, what if I also got hit... No, wait, I'm just a retail investor, this kind of thing is far from me, rest assured.
That's why I stubbornly hold on; on-chain security is really damn fragile. I still need to keep my private keys safe to feel at ease. Anyway, I'm already fully invested; even if it drops, I have to hold.
The multi-signature mechanism really had a bit of a screw-up. It should have had a more transparent tracking system long ago. But these black swan events might actually be a good opportunity to buy the dip at the bottom, right? I want to add more to my position, but I have no money left.
1,337 Ethereum. If I had that much, I would be financially free already. These big accounts that got attacked are really lacking in security awareness, brothers.
View OriginalReply0
SoliditySurvivor
· 7h ago
Another one? Multi-signature can't even prevent it, and 3.9 million dollars are gone... Fine, I think we still need to use a hardware wallet.
View OriginalReply0
SneakyFlashloan
· 7h ago
Getting hacked again and again? Multi-signature can't even prevent it. This is the scariest part.
View OriginalReply0
SignatureCollector
· 7h ago
Another multi-signature wallet has been compromised? $3.9 million just disappeared like that, truly unbelievable.
View OriginalReply0
GasFeeSobber
· 7h ago
Another big whale got targeted, and $3.9 million was lost just like that. Multi-signature isn't really a silver bullet.
A multi-signature address was attacked, and approximately 1,337 ETH were transferred out, then moved into a hidden fund pool. The assets are valued at nearly $3.9 million. The security team traced the transfer and found that the moved funds included Wrapped ETH and Story tokens, both originating from suspicious withdrawal records of the multi-signature wallet. This incident once again highlights the vulnerabilities of multi-signature mechanisms in certain scenarios and reminds ecosystem participants to evaluate their fund management strategies more cautiously. Similar large-scale transfer events occur frequently on Ethereum, and the market needs more transparent security tracking mechanisms.