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Reading: The founder of Altcoin suffered a million dollar loss due to a security vulnerability
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EdaFace Newsfeed > Latest News > Security & Hacks > The founder of Altcoin suffered a million dollar loss due to a security vulnerability
Security & Hacks

The founder of Altcoin suffered a million dollar loss due to a security vulnerability

vitalclick
Last updated: February 28, 2025 12:46 am
3 months ago
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Suji Yan, the founder of the mask browser plug -in, suffered a loss of crypto assets worth 4 million dollars as a result of a security vulnerability in the wallet on his phone. Ethereum of lost assets $2,369.99It was stated that it was converted to different addresses.

Violation DetailsTransfer transactions

Violation Details

The incident occurred as a result of a planned attack on a clear wallet on Suji Yan’s phone. According to the analyzes, the attack took place in offline and the transactions were reported to be completed in about 11 minutes. Suji Yan, in this process that the phone is not in the phone for the formation of weakness, he said.

Transfer transactions

According to Cyvers’ reports of the security firm, attacker ETH, USDT, Weth and Mask first collected a single address, then translated them into six different addresses. Suji Yan said that he started a detailed investigation by cooperating with organizations such as Slowmist and Zachxbt after the incident.

On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!



“I was with my friends at a special meeting, and my mobile phone wasn’t for a few minutes, while using the toilet.” -Suji Yan.

“If this is an offline attack, you should come directly to me. Crypto is not a dark forest and I will not leave it like that. ” -Suji Yan.

After the incident, the investigation continued, Suji said that he expects the incident to be illuminated by cooperating with the authorities and would not comment until the official report was published. Similar events that affect market dynamics point to the importance of security measures and risk management throughout the sector.

The details of the incident are evaluated that the attack was caused by offline weakness due to the fact that the attack took place while the phone was controlled. The measures to be taken for the protection of digital assets are among the issues to be carefully discussed in preventing similar attacks.

The evaluation of this event draws attention to the need to eliminate the security vulnerabilities in the digital asset sector and to be sensitive to risks of investors. The lack of existing security measures can be considered as an important warning for sector players to strengthen the system. Investors are informed about reconsider measures to protect their digital assets.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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