Onchain Cybersecurity Platform Cyvers detected a suspicious leak on February 27th from an address linked to Mask Network founder Suji Yan.
According to Cyvers, other flagged addresses are primarily etheric (ETH) linked tokens, receiving around $4 million in cryptocurrency.
The suspected digital assets stolen included 113 ETH, 923 Weth, 301 Ezeth, 156 Weeth, 90 Pufet, 48,400 Mask, 50,000 USDT (USDT), and 15 Sweth, which were over $265,000 at the time of writing.
Track compromised transaction flows. Source: Cyvers Alert
Following the initial compromise, the funds were exchanged for ETH, leaking six different wallet addresses. One of the problematic wallets ended with “DF7.” Cyvers co-founder Meir Dolev told Cointelegraph:
“This incident highlights the increased sophistication of threat actors in the Web3 space, highlighting the urgent need for real-time transaction monitoring, preemptive prevention and rapid incident response.”
The incident is the latest in a series of recent prominent hacks and exploits, including the $1.4 billion Bibit hack on February 21 and the Pump.Fun social media hack on February 26th.
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This is a developing story, and more information will be added as it becomes available.
