Deep Tide TechFlow News, February 26 — Blockchain security firm BlockSec detected that the FOOMCASH contract on the Base and Ethereum networks was targeted by a mimic attack. The attack used the same method as the previous Veil Cash vulnerability, where the attacker forged zkSNARK proofs due to incorrect verification key configuration, resulting in a total loss of approximately $2.26 million. Of this, a single attack transaction on the Base network caused a loss of about $427,000, while the approximately $1.83 million worth of related transactions on Ethereum are suspected to be white-hat rescue operations.
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Security Agency: FOOMCASH Suffered Imitation Attack Losses of Approximately $2.26 Million
Deep Tide TechFlow News, February 26 — Blockchain security firm BlockSec detected that the FOOMCASH contract on the Base and Ethereum networks was targeted by a mimic attack. The attack used the same method as the previous Veil Cash vulnerability, where the attacker forged zkSNARK proofs due to incorrect verification key configuration, resulting in a total loss of approximately $2.26 million. Of this, a single attack transaction on the Base network caused a loss of about $427,000, while the approximately $1.83 million worth of related transactions on Ethereum are suspected to be white-hat rescue operations.