Hacker Steals $6M from Decentralized Platform Audius
Main page News, Hacker Attack, DeFi
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25 July

A hacker stole around $6 million in digital assets from the treasury of decentralized streaming platform Audius last July 23.

The attacker reportedly modified the configuration of the smart contract and initialized a malicious management proposal.

According to the statement shared by the project developers:

"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."

According to security firm CertiK, an unidentified person has modified the platform's smart contract settings, which allowed him to assign "trustee" status to his address and change the voting period.

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After that, the attacker has published a project management proposal that involved transferring 18 million AUDIO tokens to a third-party wallet and voted for it.

At the time of the attack, the market value of the stolen assets amounted to about $6 million.

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