The platform enables listeners to support artists directly via its native cryptocurrency, AUDIO. As of December 2021, Audius has almost 6 million monthly unique users and hosts over 100,000 artists.
According to MisTrack, a crypto compliance platform, Audius was recently exploited, leading to the loss of 18.5 million Audio tokens. It seems like $6 million in Audio tokens was only traded for just a little over $1 million in Ethereum. The funds were swapped via Uniswap for 705 ETH and remain in the scammer’s address at this time. Uniswap is a decentralised cryptocurrency exchange.
“Our team is aware of reports of an unauthorized transfer of AUDIO tokens from the community treasury. We are actively investigating and will report back as soon as we know more,” Audius said in a tweet. “The issue has been found and fixes are in progress to get things back to a stable state. To prevent further damage, all Audius smart contracts on Ethereum had to be halted, including the token. We do not...
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