Rubic lost more than $1 million due to a hacker attack

Safety

---

One of the Rubic admin wallet addresses has been compromised, the developers said. The wallet ran the RBC/BRBC bridge and staking rewards.

“We suspect that malware was used to gain access to the private keys of the admin wallet,” the statement said.

A private key is a secret number that is used in cryptography, similar to a password. In cryptocurrencies, private keys are also used to sign transactions and verify ownership of a blockchain address.

Approximately 34 million RBC and BRBC tokens have been traded on the Uniswap and PancakeSwap exchanges. Thus, Rubic continues to work without interruption, and all user funds are safe. No contracts were used, the developers said. Staking will resume in a few days.

RBC fell over 98% in the hours following the attack as the attackers sold all the stolen tokens en masse. Prices rebounded within hours. At the time of publication of the material, the token is trading at a price of $0.03825. Before the attack, the price of RBC was $0.08222.

Despite the general decline in the crypto market, hackers and cyber scammers are still full of activity. According to Atlas VPN experts, in the 3rd quarter of 2022, hackers stole $478 million worth of cryptocurrencies. Projects on the Ethereum blockchain suffered the most – as a result of 11 attacks, they lost $348 million. The Polkadot ecosystem was in second place. The amount of its losses amounted to $ 52 million as a result of two attacks. The top three anti-ratings were closed by the Binance Smart Chain (BSC) network, having survived 13 attacks and lost $28 million in cryptocurrency. A total of 52 attacks were registered in the 3rd quarter.

Disclaimer

All information contained on our website is published in good faith and objectively and for informational purposes only. The reader is solely responsible for any actions taken by him on the basis of information received on our website.

---