Gera Coin Hack

TOTAL LOST $247K
Low Other

Summarize with AI

ChatGPT Perplexity Claude Grok
Affected Chain 2022 Incident surface
Recovered - No recovery reported
All-Time Rank #1222 By amount stolen
Protocol Type Exploit/Other Target category

Incident Overview

Quick Summary

Gera Coin project was hacked through a private key leak. The $GERA token price dumped by over 98% on both Ethereum and BSC DEXes.

Details of the Exploit

Gera Coin is a crypto payment platform. $GERA is a token, which is trading on Ethereum and Binance chains. As said on the official project's Twitter, the private key of the token deployer was leaked, so the hacker was able to transfer ownership to himself, and mint unlimited $GERA tokens. Consequently, the hacker minted 2,179,340,915 ERC20 GERA tokens on the Ethereum network and 275,900,000 GERA BEP20 tokens on the Binance network. The minted tokens were partially sold which led to a token price dumping of more than 98%. The total profit the hacker made is unknown.

Funds lost by chain:

BSC: 119,145 $USD lost and transferred through 1inch

Ethereum: 127,982 $USD lost and bridged through Celer Network

Block Data Reference

Attacker address:

https://bscscan.com/address/0x510e4d61…8c61dc

Mint transactions:

https://bscscan.com/tx/0x621f7b50…8e9676

https://bscscan.com/tx/0xc80fb935…937eac

Incident Report

Protocol / Project Gera Coin
Date of Incident
Attack Technique Other
Classification Token
Primary Source View Post-Mortem

Protocol Information

Protocol Type Exploit/Other
Affected Token GERA
Official Website geracoin.io/
Protocol Twitter/X @GeraCoin
Team Anonymous
Source Code Verified On-Chain

Market Context at Time of Hack

Token Categories
Mineable
Protocol Links
GitHub

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of other and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in Gera Coin's contract logic - root cause: token
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Other audit checklist and test coverage

If you're auditing a protocol with similar architecture to Gera Coin, these are the critical security checks that could have prevented this incident (September 2022).

  • Verify all logic paths related to Other are guarded by proper access controls and input validation
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

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Sources & References

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