ChainCatcher reports that the decentralized anonymous lottery protocol Foom Cash lost approximately $2.26 million in a security breach, but white-hat hackers intervened in time to recover $1.84 million (about 81% of the stolen funds).
The security incident was caused by a critical error during Foom Cash’s deployment, specifically related to a Groth16 verifier configuration issue, which allowed attackers to submit forged proofs to the protocol. A white-hat hacker named Duha identified the vulnerability and quickly protected the funds on the Base chain, while security firm Decurity handled the rescue of funds on Ethereum. In return, Foom Cash paid the white-hat hacker a bounty of $320,000 and paid Decurity $100,000 in security fees.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Briefly Falls Below $70,000 Mark During Asian Session as Fed Hawkishness and Macro Uncertainty Weigh on Market Volatility
Bitcoin fell below 70,000 on March 19, touching approximately 69,537, reflecting market concerns about the Federal Reserve maintaining high interest rates. Bitcoin subsequently rebounded to around 70,180, demonstrating psychological support at the 70,000 level. Despite improved market fund inflows, cryptocurrencies continue to face challenges amid global macroeconomic pressures, with 70,000 becoming a critical near-term level.
区块客50m ago
Whale Trader Expands BTC and ETH Short Positions, Now Up Over $2M
Gate News bot message, a whale trader known for "Sold 255 $BTC to short" is expanding short positions in $BTC and $ETH with current profits exceeding $2M.
The whale's PnL previously peaked at +$25.16M before falling to -$31.55M. Current positions include: Short 1,167 $BTC ($81.88M), Short 22,540 $E
GateNews1h ago
A certain CEX's 24-hour trading volume reached $1.596 billion, with XRP, BTC, and ETH ranking in the top three
According to CoinGecko data, on March 19, a certain CEX had a trading volume of $1.596 billion, up 19.31% from the previous day. The top five tokens by trading volume were XRP, BTC, ETH, BARD, and USDT.
GateNews1h ago
Over the past 24 hours, liquidations across the network totaled $369 million, with long position liquidations accounting for over 84% of the total.
Gate News Report: As of March 19, according to CoinAnk data, the entire network experienced $369 million in liquidations over the past 24 hours. Among these, long position liquidations accounted for approximately $310 million, while short position liquidations accounted for approximately $58.5 million. From the distribution by cryptocurrency, Bitcoin liquidations reached approximately $126 million, and Ethereum liquidations reached approximately $102 million.
GateNews1h ago
ETH drops below 2150 USDT
Gate News bot message: Gate market data shows ETH has fallen below 2150 USDT, with the current price at 2149.63 USDT.
CryptoRadar1h ago
