Audius: Autopsy of $6m music heist reveals some out of key notes

📆 7/25/2022 2:33 PM
📰 CryptoAmb

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Hacks within the cryptocurrency domain are very frequent. Recently, a decentralized music platform Auduis suffered as it lost 18.5 million AUDIO tokens ($6m) following a malicious attack. Broken strings On 24 July, the Audius community treasury lost a significant amount due to an exploit in the contract initialization code that allowed repeated invocations of the […]

, but many features such as token transfer and balance display have not been activated because of concerns about risks.

“This was achieved by “proxy-upgrading each contract to a minimal BlockingContract that did not contain the same bug. This prevented further repeated invocations after relegating proxyAdmin control to a predefined address owned by the team.” But did it help the affected token? Well not really. The token witnessed a massive fall on CoinMarketCap as evident in the graph below.At the time of writing, the token suffered a fresh 2% correction as it slid past the $0.33 mark.Subscribe to get it daily in your inbox.

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