Not everything lives forever on the internet, including stolencryptocurrencies.
The ZEED Defi protocol, which runs on the Binance Smart Chain and trades with a currency called YEED, was exploited by a hacker this week.
The reward distribution vulnerability in ZEED was exploited by an attack transaction, according to Block Sec.
The end of the thread threw readers for a loop because Block Sec said the currency had been lost because of a self-destruct feature.
The attacker doesn't transfer the obtained token out before self-destructing the contract. Block Sec said in a follow up message that he probably was too excited.
The thought of losing a million dollars is enough to make anyone sweat, but it is possible that the hacker did this on purpose. Block Sec doesn't know what the motive was, and suggests it could have been an accident.
According to a report by VICE published this week, the hacker could have been a person with a message or something to prove. The self-destruct feature means they are essentially gone forever. The hacker could have wanted to watch the world burn, and the attacker could have caused a lot of chaos.
YEED's value plummeted after it was sold. ZEED has to take steps to secure, repair and test its systems before sales can resume.
Maybe the hacker messed up, or maybe we witnessed a Robin Hood attack. We will never know who pulled off the hack.
There is a report that the hacker got away with $13.7 million worth of Bored Ape NFTs.
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