79thVault Loses $12.5M in Suspected Private-Key Hack
Decentralized finance protocol 79thVault suffered a $12.5 million loss following a suspected private-key compromise on BNB Chain.
Decentralized finance protocol 79thVault has suffered a security breach resulting in the loss of $12.5 million, according to Pluang. The incident involved token theft executed via a suspected private-key compromise on BNB Chain.
Attack Vector and Losses
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The exploit targeted the protocol through unauthorized access, enabling the extraction of digital assets totaling $12.5 million. Security monitors and on-chain trackers flagged the suspicious transactions originating from the protocol's infrastructure on BNB Chain.
Key facts
- Protocol affected: 79thVault
- Total funds lost: $12.5 million
- Network: BNB Chain
- Attack method: Suspected private-key compromise and token theft
- Reported by: Pluang
Source: news.google.com
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