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Detail Analysis

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Date:

Status:

Count:

Contributor:

April 16, 2022

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Verified

1

zerofriction.io

Loss Amount:

360,000

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Recovered Amount:

-

Currency:

Dollars, ETH

KYC By:

Audit By:

None

None

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Dapp

Assets

Poor Key Management

Extended Method:

Private key leak, phishing

Data Sources:

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FaceDAO announced on Twitter that on the morning of April 16, 2022 Eastern Time, a large number of FACE tokens were sold on the Ethereum chain. This had a huge impact on the price. The cause of the incident was the hack of a wallet held by a team on the Ethereum chain. Consequently, the FACE tokens held in it were transferred and sold by unauthorized accounts.

The FaceDAO team stated that all transactions on the Ethereum chain and ERC-20 cross-chain FACE transactions have been suspended. Meanwhile, the deposit and withdrawal functions of the FaceDAO APP are temporarily closed.

After that, the team also stated that all FACE tokens circulating on the Ethereum chain will be transferred to BNB Chain. The related contracts will also be deactivated.

https://twitter.com/facedaoio/status/1515576867356520451/photo/1

The attacker exploited 60 billion and 5940.1 billion FaceDAO tokens in two transactions respectively. It exchanged the exploited FaceDAO tokens into 121 ETHs via Uniswap and cashed out the ETHs via Tornado.Cash.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.