Minutes before 12 a.m. UTC on June 6, the CEO and co-founder of the Elrond Network, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized crypto exchange (DEX).
Soon after the exchange was taken offline with Mincu reporting the issue was identified and an “emergency fix” was being implemented.
In a Twitter thread posted almost 24 hours later around 11 p.m. UTC on June 6, Mincu said a potentially critical bug was identified which opened “an exploit area that we simply had to address and mitigate immediately.”
The suspicious activities have been possibly identified and explained in a Twitter thread by pseudonymous on-chain analyst “Foudres” who revealed the potential attacker deployed a smart contract that somehow allowed them to withdraw over 1.65 million Elrond (EGLD).
Three wallets were able to mysteriously withdraw 800,000, 400,000 and 450,000 EGLD respectively which at current prices would in total be worth...
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