ChainBleedv0.1 · open intel
← back to feed·2021-08-14 · 4y ago
Incident · SLOWMIST

Fetch.ai

Hacked account
Estimated loss
$2.60M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

According to Reuters, a High Court judge in London granted artificial intelligence firm Fetch.ai’s request, ordering Binance to track down the hackers who stole $2.6 million in assets from Fetch.ai’s Binance account and freeze the stolen assets. Fetch.ai, founded in the U.K. and Singapore to develop artificial intelligence projects for blockchain databases, claims fraudsters hacked into their cryptocurrency accounts on the Binance exchange on June 6. A Binance spokesperson said that to protect users’ property, Binance regularly freezes accounts identified as having suspicious activity. Attack method (per SlowMist): Hacked account. Reported loss: $ 2,600,000.

Primary source
https://www.reuters.com/technology/london-court-orders-binance-trace-cryptocurrency-hackers-2021-08-13/
Sourced from
slowmist
Technical record
chain
protocol
Fetch.ai
bug_class
unknown
date_occurred
2021-08-14
loss_usd
$2,600,000
source_id
sm:fetch-ai::2021-08-14
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