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Detail Analysis

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Date:

Status:

Count:

Contributor:

March 2, 2022

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Verified

1

zerofriction.io

Loss Amount:

1,400,000

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Recovered Amount:

-

Currency:

Dollars, MAGIC

KYC By:

Audit By:

None

None

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Key Indicators

Platform:

Type:

Category:

Method:

Arbitrum

NFTs

NFTs

Contract Vulnerabilities

Extended Method:

input validation error, bug in distinguishing ERC721 and ERC1155 in buyItem()

Data Sources:

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Treasure, the biggest marketplace for non-fungible tokens (NFTs) on the Arbitrum blockchain, has been hit by an exploit. Exploiter was able to purchaser a large number of NFTs without having to pay anything for the item. Treasure DAO co-founder John Patten confirmed the exploit in a tweet posted on the evening of March 2. Early on March 3, blockchain security and data firm PeckShield published an analysis of the incident — claiming that more than 100 NFTs from several collections had been stolen from the Treasure marketplace. Estimated loss runs in $1.4M.

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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.