Vulcan Forged Hack
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¤cy=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¤cy=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
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Post-mortem rekt.news
- analysis Website reference coindesk.com
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