InsurAce

Account Compromise

Estimated loss

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VERDICT —OUT OF SCOPE

Root cause is private-key / signer compromise — the on-chain contract behaved exactly as written. No pre-deployment source audit or bytecode review reaches the key-custody perimeter; this is operational-security territory (HSM/MPC hygiene, key rotation, hot-wallet isolation). Bytecode would show nothing wrong.

▰ METHOD

PRIVATE KEY

PRIVATE-KEY

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

InsurAce, a DeFi insurance protocol, tweeted: "Our Discord server experienced a security breach. Our team discovered an unauthorized access to the server earlier today. We take this incident very seriously and are working hard to correct the situation. During this time, please do not interact with the server." According to the analysis of SlowMist, the phishing website is insurance.gift, and PinkDrainer is behind it. Attack method (per SlowMist): Account Compromise. Reported loss: -.

Primary source

https://twitter.com/InsurAce_io/status/1686664525813358593 ↗

Sourced from

slowmist

Technical record