Vulcan Forged Hack

REPORTED LOSS $140M
Critical Private Key Compromised (Unknown Method) ethereum polygon

What happened

Vulcan Forged project was exploited, and the private keys of 96 wallets were stolen with the assets of total worth 140,000,000 $USD

Vulcan Forged creates wallets on behalf of its users and stores private keys on their own side. As a result, the leak of access to the private keys has affected 96 wallets and based on the token price during the hack, victims suffered a $140m total loss. Assets including ETH and MATIC have also been taken out.

96 transactions, where the hacker steals PYR token:

https://explorer.bitquery.io/matic/txs/transfers?receiver=0x48ad05a3…2c73b1&currency=0x348e6213…b380a9

Transactions, where PYR token was exchanged for MATIC, which later was distributed between external wallets:

https://explorer.bitquery.io/matic/txs/transfers?receiver=0x48ad05a3…2c73b1&currency=MATIC

Selling on Ethereum:

https://bloxy.info/txs/calls_from/0x48ad05a3…2c73b1?signature_id=1493863&smart_contract_address_bin=0x11111112…43097d

https://bloxy.info/txs/calls_from/0x48ad05a3…2c73b1?signature_id=1493862&smart_contract_address_bin=0x11111112…43097d

Part of the stolen funds was distributed between different external wallets as well as the other one was sold on Uniswap and QuickSwap.

Attacker address on Polygon:

https://polygonscan.com/address/0x48ad05a3…2c73b1

Attacker address on Ethereum:

https://etherscan.io/address/0x48ad05a3…2c73b1

2,000,000 PYR tokens are still held on this wallet:

https://etherscan.io/address/0xe3cd90be…e53b66#tokentxns

Case & protocol details

Classification Gaming / Metaverse / Key Compromise
Protocol Type Exploit/Access control
Affected asset / contract PYR
Official Website auth.vulcanforged.com/
Protocol Twitter/X @VulcanForged

Evidence & learning

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