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Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash

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According to reports, PeckShield monitoring showed that FilDA was attacked yesterday on ESC and REI networks, causing approximately $700000 in losses. The attacker bridged approxim

Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash

According to reports, PeckShield monitoring showed that FilDA was attacked yesterday on ESC and REI networks, causing approximately $700000 in losses. The attacker bridged approximately 80000 ELAs to BNBChain, exchanged them for approximately 326 BNBs, and then deposited the funds into Tornado Cash. In addition, they bridged 200000 ELAs to Ethereum, exchanged a portion for approximately 17 ETHs, and transferred these ETHs and 160000 ELAs to addresses starting with 0x05dd.

Security team: FilDA attackers exchanged approximately 80000 ELAs for approximately 326 BNBs and deposited them into Tornado Cash

I. Introduction
II. Overview of FilDA
III. FilDA’s recent Attack
IV. How the attacker carried out the attack
V. The impact of the attack
VI. Steps taken to prevent future attacks on FilDA
VII. Conclusion
VIII. FAQs
# A Report On The $700,000 FilDA Attack

Introduction

In the world of cryptocurrency, security is of paramount importance. Despite the continuous efforts to maintain security, hackers still manage to compromise systems, as was seen in the recent FilDA attack.

Overview of FilDA

FilDA is a decentralized finance protocol designed to provide users with access to loans without the need for traditional intermediaries. The protocol allows for deposits, lending, and borrowing using a variety of cryptocurrencies.

FilDA’s recent attack

According to reports by PeckShield Monitoring, FilDA experienced an attack that resulted in the loss of approximately $700,000. This attack occurred on the ESC and REI networks.

How the attacker carried out the attack

The attacker used a series of steps to perpetrate the attack. Firstly, they bridged approximately 80,000 ELAs to BNBChain, exchanging them for around 326 BNBs. They then deposited the funds into Tornado Cash. Additionally, the attacker bridged 200,000 ELAs to Ethereum and exchanged some of them for about 17 ETHs. The ETHs and 160,000 ELAs were subsequently transferred to addresses beginning with 0x05dd.

The impact of the attack

The attack resulted in a significant loss of funds for FilDA, its users, and its stakeholders. The attack also had a negative impact on the reputation of the FilDA protocol, as users became wary of depositing funds.

Steps taken to prevent future attacks on FilDA

FilDA has recognized the need for better measures to prevent future attacks. The team has made updates to the protocol’s smart contracts to address the vulnerabilities that were exploited. FilDA has also partnered with security auditing firms to review its systems and provide recommendations for better security.

Conclusion

The FilDA attack is a stark reminder of the need for better security measures in the world of cryptocurrency. FilDA’s response to the attack is commendable, and we can only hope that the changes made will improve the security of the protocol.

FAQs

1. What is FilDA?
– FilDA is a decentralized finance protocol that allows for deposits, lending, and borrowing using a variety of cryptocurrencies.
2. How much was lost in the recent FilDA attack?
– The attack resulted in a loss of approximately $700,000.
3. What steps has FilDA taken to prevent future attacks?
– FilDA has made updates to its smart contracts to address the vulnerabilities exploited in the attack. The team has also partnered with security auditing firms to review its systems and provide recommendations for better security.

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