Over 75,000 BSC wallets remain at risk thanks to old launchzoneann hack, realScamSniffer says
As explained in a dashboard created on Dune platform by Scam Sniffer, out of all wallets at risk, only 7,860 addresses managed to revoke all approvals at LaunchZone. Meanwhile, 75,564 BNB Chain wallets are still at risk.
Analysts explained that hackers managed to drain liquidity thanks to the vulnerabilty in Bscex SwapX, a smart contract that served as an exchange instrument on LaunchZone. A sample of the code of the potential attack's design has also been shared by researchers. They reiterated that all wallets that interacted with the hacked contracts should remove their approvals by automated revoke services or manually. All vulnerable contracts were deployed back in January-October 2021.Despite the fact that the global crypto community was informed of the necessity to revoke the approvals, by press time, hackers managed to steal $7,792,137 in crypto equivalent.
The team of LaunchZone confirmed the hacker attack. It appeared to be fatal for the protocol: yesterday, on March 26, 2023, its website stopped operating.will be closed after Sunday, March 26th. We are grateful for the continuous support from our users until now.
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