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Degen Zoo: Everything You Need to Know About the Recent Hack on Binance Oracle

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On April 2nd, according to the official Telegram announcement, the DAO Maker project Degen Zoo was suspected of being hacked on Binance Oracle. The project team has currently suspe

Degen Zoo: Everything You Need to Know About the Recent Hack on Binance Oracle

On April 2nd, according to the official Telegram announcement, the DAO Maker project Degen Zoo was suspected of being hacked on Binance Oracle. The project team has currently suspended the game and launched an investigation, stating that no vulnerabilities have been discovered as of 14, and there is no way to incubate better animals through smart contract errors. Currently, the official Telegram has been banned.

Degen Zoo is suspected of being attacked by hackers, and the official has suspended the game launch investigation

Degen Zoo, a popular game launched by the DAO Maker project, has been in the news recently for its suspected hack on Binance Oracle. The project team has currently suspended the game and launched an investigation to figure out what went wrong. In this article, we will take an in-depth look at the Degen Zoo project, the details of the hack, and the aftermath of the incident.

Introduction to Degen Zoo

Degen Zoo is one of the latest blockchain-based games that has gained popularity among the crypto community. Developed by DAO Maker project, the game allows players to purchase, trade, and incubate digital “animals” using smart contracts. These animals can be used to participate in battles to earn rewards, which can be exchanged for various cryptocurrencies.
The game has gained massive popularity since its launch, with players from all over the world participating in battles and breeding their virtual animals. However, the recent hack has left the community in shock and fear.

Details of the Hack

On April 2nd, DAO Maker project Degen Zoo was suspected of being hacked on Binance Oracle. Binance Oracle is a decentralized price oracle that provides developers access to real-time price data for trading tokens. According to reports, the attackers exploited a vulnerability in the oracle to manipulate the prices of rare animals on the Degen Zoo platform.
The project team has currently suspended the game and launched an investigation to figure out how the attackers were able to exploit the vulnerability. They have stated that no vulnerabilities have been discovered as of now and there is no way to incubate better animals through smart contract errors. They have also assured the community that all players’ funds are safe and have not been compromised.

Aftermath of the Incident

Since the news of the hack broke out, the Degen Zoo community has been in panic mode. The official Telegram group of the project has been banned, and the team has been criticized for not being transparent about the details of the incident. The project team has assured the community that they are doing everything in their power to resolve the issue and ensure that such incidents do not happen in the future.
However, the incident has once again raised questions about the security and reliability of blockchain-based games. It has highlighted the need for projects to be transparent about their operations and security measures.

Conclusion

The Degen Zoo hack has once again brought attention to the security concerns associated with blockchain-based games. While the incident has left the community in shock, the project team’s assurance of the safety of players’ funds is a ray of hope. Hopefully, the team will be able to resolve the issue and make the game more secure for future players.

FAQs

Q1. Will the Degen Zoo game be back online soon?
A1. The project team has not given any timeline for when the game will be back online. They are currently investigating the incident and working to implement measures to prevent such attacks.
Q2. Were players’ funds affected in the hack?
A2. The project team has assured the community that players’ funds are safe and have not been compromised.
Q3. Is it safe to invest in blockchain-based games like Degen Zoo?
A3. Like any investment, there is always a risk involved. It is essential to do your research and invest wisely in any blockchain-based project.

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