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.

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