ChainBleedv0.1 · open intel
← back to feed·RUG2020-06-19 · 5y ago
Incident · SLOWMIST

Wirecard

Scam
Estimated loss
$2.13B
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
RUG
RUGBYTECODE CATCHABLEAI SCANNABLE
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

About $2.13 billion worth of cash is missing from one of Wirecard's trust accounts, and the crypto debit card provider cannot as yet account for the money. In a statement, the crypto debit card provider blamed "spurious" cash balances provided by a third party with the aim of deceiving the auditor, which discovered the scandal during a routine audit. Wirecard said it is investigating the matter in close cooperation with the auditor. The amount missing equals 25% of the funds on the company's balance sheet. Attack method (per SlowMist): Scam. Reported loss: $ 2,130,000,000.

Primary source
https://news.bitcoin.com/crypto-card-issuer-wirecard-missing-2-1-billion-cash/
Sourced from
slowmist
Technical record
chain
protocol
Wirecard
bug_class
rug
date_occurred
2020-06-19
loss_usd
$2,130,000,000
source_id
sm:wirecard::2020-06-19
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