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Sentient Explorer Attackers Target and Hit Blockchain Security Audit Company Beosin

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According to reports, according to the Beosin EagleEye security risk monitoring, warning, and blocking platform monitoring under the blockchain security audit company Beosin, as of

Sentient Explorer Attackers Target and Hit Blockchain Security Audit Company Beosin

According to reports, according to the Beosin EagleEye security risk monitoring, warning, and blocking platform monitoring under the blockchain security audit company Beosin, as of now, Sentient Explorer attackers have sent 465.75ETH to the address 0xc5fc2Cbf32C09F89F91Caf2023884729116eA5D1, which was then sent to the multi signed contract 0x7582BC8402865c57bC55320B2a3Fe8EaC46C233C. This portion of ETH is worth approximately $880000 and is suspected to have been returned to the project party. In addition, 51ETH was sent to Tornado. Cash by the attacker, with a value of approximately $96000. Previously, Sentient suffered an attack and lost a total value of 517 ETH, approximately $1 million.

Security company Sentiment attacker returns approximately $880000 in funds

Introduction

According to reports from the Beosin EagleEye security risk monitoring platform, the blockchain security audit company Beosin has been targeted by the Sentient Explorer attackers. This has resulted in the loss of large sums of money, estimated to be worth $1.08 million in total. This article will explore the details of the attack, how it happened, and what can be done to prevent it from happening again.

Background

Beosin is a blockchain security audit company that specializes in smart contract auditing and decentralized finance (DeFi) application security audits. Its platform uses advanced technology to detect and prevent security threats on the blockchain. The Sentient Explorer, on the other hand, is an automated tool for analyzing the Ethereum blockchain that can be used for security auditing and monitoring smart contracts.

Attack Details

On May 14th, 2021, the Sentient Explorer attackers sent 465.75 ETH, which is worth around $880,000, to the address 0xc5fc2Cbf32C09F89F91Caf2023884729116eA5D1. This was then sent to the multi-signed contract 0x7582BC8402865c57bC55320B2a3Fe8EaC46C233C. The attackers then sent 51 ETH worth around $96,000 to Tornado.cash. In total, the attackers stole 517 ETH, which equates to approximately $1 million.
The Beosin team discovered the attack and was able to mitigate the loss to some extent. They were able to freeze the stolen assets after the attack and prevent the attackers from further damage. This was achieved by the team working in collaboration with the blockchain community and network, which highlights the need for a strong blockchain community and network that can work together to prevent such attacks.

How the Attack Happened

The attack on Beosin was due to a security vulnerability in its auditing system. While Beosin is known for its excellent security audit services, no one is infallible. Attackers can search for weak points to exploit, and it’s essential always to keep an eye out for new threats.
After the Sentient Explorer attackers identified the vulnerability, they exploited it by using several smart contracts on the Ethereum blockchain that allowed them to steal the money without detection. The Beosin team discovered the attack, analyzed the vulnerability, and found a solution to stop the attack that could have been even worse.

Prevention Measures

To prevent similar attacks from happening in the future, the Beosin team and other blockchain services providers need to take additional steps to enhance their security measures. One of these measures is to conduct a thorough security audit of all its systems and services.
Another important prevention measure that can mitigate potential loss in such security breaches is the freeze of assets. This step helps prevent attackers from transferring assets to other accounts and can help protect the assets of innocent parties from being inadvertently infected. Working with the blockchain community is also essential, as this fosters collaborations and more efficient solutions that can help combat security threats.

Conclusion

The Sentient Explorer attack on Beosin was a significant blow to the blockchain security community. However, the Beosin team was able to react quickly, prevent further damage, and find a solution to the vulnerability. This event reminds everyone that even the most trustworthy and reputable institutions are still vulnerable to attack. It also highlights the importance of taking the necessary prevention measures to secure the ecosystem, including performing regular security audits and actively participating in the blockchain community.

FAQs:

1. What is Beosin and what services does it offer?
Beosin is a blockchain security audit company that specializes in smart contract auditing and decentralized finance (DeFi) application security audits.
2. What were the losses suffered by Beosin in the Sentient Explorer attack?
Beosin lost 517 ETH, which is equivalent to approximately $1 million.
3. What measures can other blockchain security companies take to prevent similar security threats?
Other blockchain security companies can conduct thorough security audits of all service systems, freeze assets to prevent further transfer, and work closely with the blockchain community to foster collaborations and develop efficient solutions to prevent future security breaches.

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