Hdr_About.jpg

Detail Analysis

link.png

Date:

Status:

Count:

Contributor:

September 29, 2019

info.png

Verified

1

zerofriction.io

Loss Amount:

-

info.png

Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

info.png

Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Protocol

Poor Key Management

Extended Method:

Private key leak, cold wallet

Data Sources:

info.png

The PayFair project, an Ethereum-based startup that has been around for about three years, closed its site temporarily due to a compromised private key on its chief cold wallet. The funds were moved from the hacked wallet into a still unrevealed new cold storage. PayFair disclosed that the attack happened this September 29, as a result of hacking activity against its escrow platform. The exact way that the private key was compromised is yet unknown. The team’s explanation is that hacks are becoming more sophisticated.

info.png

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.