Categories: MarketsMenafn

AirDAO Suffers Crippling Crypto Heist

Today, in the early morning, the AirDAO ecosystem was in chaos after the project’s leaders revealed that hackers had stolen over $870,000 worth of digital assets from the project’s funds. 

AirDAO Cyber Heist: Response and Recovery Updates

According to a post on X from the AirDAO team on Mar. 21, an unknown hacker hacked the platform’s defenses by using a complex social engineering scheme to steal 126.5 ETH and 41.61 million AMB tokens from AirDAO’s AMB/ETH Uniswap liquidity pool.

AirDAO has admitted that the person who did this got in by pretending to be “one of our known partners” in a malicious email file full of malware. However, the specifics of their criminal activities are still a mystery. This meticulously crafted phishing scheme allowed the cyber-criminal to bypass the platform’s safeguards and siphon a substantial portion of its liquidity reserves.

To mitigate the fallout and potentially recover the stolen cryptocurrencies, AirDAO has extended an olive branch to the hacker, offering a 10% bounty if the stolen funds are promptly returned. However, the team has sternly cautioned that further inaction will prompt the involvement of law enforcement agencies tasked with bringing the perpetrator to justice.

According to data from blockchain security firms PeckShield and SlowMist, portions of the stolen assets have already been traced to prominent centralized exchanges like MEXC, KuCoin, ChangeNOW, Binance, and BitMart. 

Official statements from these trading platforms about the incident have not yet been made. Still, AirDAO has stated that it is working with them and the relevant authorities to find the hacker and return the stolen funds.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk

Ajman, UAE, 25th April 2025, Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic…

5 hours ago

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment system

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment…

5 hours ago

Echo Launches Real Unique Tokenomics with Real Yield in USDC

Douglas, Isle of Man, 25th April 2025, ZEX PR WIRE, Echo is about to launch…

6 hours ago

World of Dypians Wins $450K in BNB Chain’s Support Program and Announces Monumental New Features

Tortola, BVI, 25th April 2025, ZEX PR WIRE, World of Dypians (WoD), a highly immersive…

7 hours ago

Hyperliquid Price Analysis: HYPER Eyes $20 as Price Tests Critical Resistance

Hyperliquid (HYPE) has staged an impressive climb, doubling in price since its low of $9.30 on…

8 hours ago

Sui Price Surges 10% as the Network Launches Virtual Mastercard Integration In Europe

Sui is expanding its reach into everyday utility by integrating with crypto fintech platforms xPortal…

20 hours ago