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FilDA Suffers Losses in Multi-Chain Lending Agreement Attack

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On April 23, it was reported that FilDA, a multi chain lending agreement, issued a statement on exploit, saying that it had been attacked on the Yilai Cloud intelligent chain (ESC)

FilDA Suffers Losses in Multi-Chain Lending Agreement Attack

On April 23, it was reported that FilDA, a multi chain lending agreement, issued a statement on exploit, saying that it had been attacked on the Yilai Cloud intelligent chain (ESC) and REI network earlier today and had caused losses of about 700000 dollars. No other FilDA deployments were affected. Identified vulnerabilities and isolated attack media. The ESC and Rei FilDA platforms have been suspended and will only resume after a thorough review of the current situation. We will collaborate with CEX, security companies, and other parties to analyze on chain activities to help track and monitor these addresses. Law enforcement will be required to investigate this case and affected users will be encouraged to contact local law enforcement so that they are aware of the theft incident.

FilDA of the multi chain lending agreement issued a statement on exploit: it has caused losses of about 700000 dollars

Introduction

FilDA, a leading multi-chain lending agreement, has recently reported a cybersecurity breach leading to the loss of approximately $700,000. The attack specifically targeted FilDA’s platforms on the Yilai Cloud intelligent chain (ESC) and REI network but did not affect any of their other deployments. The vulnerability exploited by the hackers has since been identified, and the affected platforms have been suspended until a thorough review is carried out.

Understanding the Attack on FilDA

FilDA is a decentralized lending protocol that allows users to borrow digital assets across different blockchain systems, providing instant liquidity and accessibility. However, as with any blockchain-based financial service, it is prone to cyber attacks due to the high value and anonymity involved.
The specific attack on FilDA exploited vulnerabilities on the Yilai Cloud intelligent chain (ESC) and REI network. These attack media were isolated and are currently being analyzed to prevent similar breaches in the future.

Response to the Attack

Following the attack, FilDA has suspended its ESC and REI platforms until a review of the current situation is carried out to ensure the safety of its users. The company has stated that it will collaborate with CEX, security companies, and other parties to analyze on-chain activities to help track and monitor these addresses.
Law enforcement agencies have also been informed of the security breach, and affected users have been encouraged to contact local law enforcement to report any theft incidents.

Conclusion

The attack on FilDA illustrates the vulnerability of blockchain-based financial systems and the need for continuous vigilance and investment in cybersecurity measures. As more businesses and individuals continue to join the blockchain ecosystem, it is essential to address the security concerns that arise and protect against malicious actors.

FAQs

1. What is FilDA?
FilDA is a decentralized lending protocol that allows users to borrow digital assets across different blockchain systems.
2. What happened in the FilDA attack?
FilDA’s platforms on the Yilai Cloud intelligent chain (ESC) and REI network were hacked, leading to the loss of approximately $700,000.
3. What is FilDA doing to prevent future attacks?
FilDA has suspended its affected platforms and is collaborating with CEX, security companies, and other parties to analyze on-chain activities and track malicious actors. The company has also informed law enforcement agencies and encouraged affected users to report any incidents.

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