Bit LC Inc. Hack

REPORTED LOSS $51K
Low Access Control

What happened

One of the major Bit LC Inc. company shareholders disappeared with a huge amount of user assets. He was a holder of the Bit LC Inc.

cold wallet that allowed him to withdraw funds without any problems. After this incident Bit LC Inc. announced its closing.

Case & protocol details

Classification Token
Protocol Type Exploit/Access control
Official Website www.bitlc.net/

Evidence & learning

Attack pattern

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Access Control Attacks

Sources and on-chain records

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