As we approach the end of the year, the cryptocurrency world is facing a number of security concerns. On December 30, GoPlus, a leading security company, issued an alert regarding a vulnerability in the OKX Web3 wallet Ordinals trading market. Simultaneously, Atomics Market experienced a distributed denial of service (DDoS) attack on December 29, leading to a temporary suspension of market services. In addition, COMP coin, a decentralized finance (DeFi) lending platform, raised suspicions that an official tweet had been hacked and urged users to be careful about their asset security. This article examines these events to shed light on evolving challenges in the crypto space.
Critical vulnerability in OKX web3 wallet
On December 30, GoPlus raised alarm among cryptocurrency enthusiasts by highlighting a critical security flaw in the OKX Web3 wallet Ordinals trading market. The vulnerability led to a situation where a significant number of fake satoshis (sats) were displayed as pending orders. To avoid possible losses, users are strongly advised to stop trading satoshi immediately and be careful not to become a victim of obtaining fake assets.
OKX, which was affected by the counterfeit money incident on December 30, officially stated that it closed the Ordinals market section and will open it after repairs. As previously reported, there was a vulnerability in the OKX Web3 wallet Ordinals trading market and a large number of fake Sats and Rats were listed in the market. According to GoPlus data, the transaction volume of fake Sats exceeded 7 BTC.
DDOS attack on Atomics Market
Just one day ago, on December 29, Atomics Market experienced a devastating distributed denial of service (DDoS) attack, rendering its services temporarily unavailable. The Market took to social media to inform users about the ongoing attack and assured them that the development team was working diligently to resolve the issue. A DDoS attack involves multiple attackers coordinating attacks against a target simultaneously, illustrating the challenges platforms face in maintaining uninterrupted services.
The attack on Atomics Market underscores the ongoing threat of cyber disruptions in the cryptocurrency space. While the development team works on repairs, users are reminded to be patient and stay informed through official channels for updates regarding the restoration of services.
Security breach at Compound, behind the COMP coin project
Compound, a leading DeFi lending platform, faced a potential security breach on December 30. Compound’s official tweet was suspected to have been stolen and a tweet containing a phishing link was shared. Fortunately, comment permission on the tweet was not turned on, preventing users from interacting with the potentially harmful link. The reports highlight the importance of user awareness and recommend not clicking on suspicious links to protect asset security. Now, according to the COMP coin tweet, the malicious tweet has disappeared:
As the cryptocurrency market deals with these latest security issues, users need to remain vigilant, adopt best security practices, and stay informed through official channels. The incidents are a striking reminder of the evolving threats in the crypto space and highlight the need for continued efforts to increase security measures across platforms.
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