Cointime

Download App
iOS & Android

Tales of Elleria GameFi Project on Arbitrum One Suffers Over $280,000 Loss in Exploit

Cointime Official

April 20 (Cointime) - Tales of Elleria, an immersive three-dimensional role-playing GameFi project built on Arbitrum One, has experienced an exploit, resulting in a loss of over $280,000 USD, its co-founder Wayne @crwy__ revealed on Twitter.

According to Wayne, the hacker generated his own signature and withdrew a large amount of $ELM in four transactions from the bridge. The contract used to verify signatures, specifically the ecrecover function, is suspected to have been exploited, allowing the hacker to generate authorization signatures without the private keys. The private keys were only exposed to a few individuals and AWS for backend deployment, and no leak was detected.

The project is asking for help in investigating the incident and assures the Ellerians that appropriate action will be taken to compensate for the loss and move forward.

Read full thread:

2/ The hacker's address: 0xf2cbF39e7668EbB113f2C609BBd6eA1dFCe5d376 He made 4 transactions, withdrawing an incremental amount of ELM from the bridge:

1st: https://arbiscan.io/tx/0x411938ac2e40c0c0011187427760c7bf37a3a94606343da2e626d13d8b8e92c8…

2nd: https://arbiscan.io/tx/0x376aaa9b8bdf452ea4bbc4a185e639cf30eff456d96ee117571dcbb6e9cf318c…

3rd: https://arbiscan.io/tx/0x51ec11ef35c4a558c4d266c310f9a643513f46d97a65f8369c2b30ee10e67c8d…

4th: https://arbiscan.io/tx/0x1184e6e0970595572c27242a42e33682d41a3b0e676c269b8da164bd2477f0e2

3/ ecrecover: Potential vulnerability in the contract used to verify signatures: https://arbiscan.io/address/0xe1bBe57b783F619Ff5f3dC575bE6e069bCCe04f5… Current findings suspect that the ecrecover function was exploited and the hacker was able to generate the authorization signatures without our private keys.

4/ Private Keys

We were very careful with the private keys for the signers, and it was only exposed to me, Quack, and to AWS for our backend deployment. We're all nerds and don't spend much time on other stuff other than dev, don't think there was a leak on this side :')

5/ If anybody can help and investigate, we'll appreciate you immensely

We'll be here and will take action appropriately to compensate and move forward. Stay strong Ellerians!

Comments

All Comments

Recommended for you

  • The Israeli military says it has dropped more than 6,500 munitions in its strikes against Iran.

    Israeli military stated that since the outbreak of the war, the Israeli Air Force has dropped more than 6,500 munitions in strikes against Iran. The Israel Defense Forces said that Air Force fighter jets have carried out a total of 2,500 combat missions and launched 150 separate strike waves. The military said that as the war enters a new phase, it is currently intensifying strikes on Iranian regime targets within Tehran and increasing attacks on weapons production facilities across Iran — including those used to manufacture missiles and launch devices. Military officials stated that the Israel Defense Forces plan to continue operations within Iran in the coming weeks, and if necessary, the operations will last longer.

  • BTC falls below $68,000

     market shows BTC has fallen below 68,000 USD, currently at 67,797.17 USD, a 24-hour decline of 4.35%, with significant market fluctuations, please manage risk accordingly.

  • Iran claims a U.S. oil tanker was attacked near the Kuwaiti border.

    according to CCTV News, a spokesperson for the Central Command of Iran's Armed Forces Hatem al-Anbiya stated that a US oil tanker was attacked in waters near the Kuwait border and is currently burning. The US and Kuwait have not responded to this so far. (Jin10)

  • Mitsubishi UFJ Financial Group, in conjunction with Mizuho Bank and Sumitomo Mitsui Banking Corporation, is jointly advancing a Proof-of-Concept (PoC) for a yen-pegged stablecoin.

    according to the latest disclosure, Japan's Mitsubishi UFJ Financial Group (MUFG), with assets totaling $3 trillion, announced two strategic advancements:

  • ETH falls below $2100

    the market shows ETH fell below $2100, currently at $2099.94, with a 24-hour increase of 4.78%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks through $69,000

     the market shows BTC breaking through $69,000, currently at $69,021.49, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risk accordingly.

  • Spanish Foreign Minister: Not worried about any consequences of refusing US access to military bases

     on March 3 local time, Spanish Foreign Minister Alvarez defended the Spanish government's refusal to provide the Rota and Moron military bases to the United States for participation in attacks on Iran. Alvarez stated that the operation initiated by the United States and Israel is not supported by the United Nations and is not part of the bilateral agreements allowing the use of the aforementioned Spanish sovereign military bases. Alvarez also said that the Spanish government is not concerned that this stance will have any consequences. Alvarez stated: "The position of the Spanish government represents the will of the vast majority of the Spanish people as well as the vast majority of people worldwide, which is to defend the UN Charter, respect international law, and believe that cooperation is always more powerful than confrontation."

  • Spot gold plunges nearly $100 in the short term.

     spot gold plunged nearly 100 dollars in a short time, spot gold fell below 5170 dollars/ounce, with a daily decline of 2.94%. 

  • BTC falls below $67,000

    the market shows BTC fell below $67,000, currently at $66,996.93, with a 24-hour increase of 1.18%. The market is highly volatile, please manage your risk accordingly.

  • ETH breaks $2,000

    the market shows ETH breaking through $2000, currently at $2001.64, with a 24-hour increase of 2.89%. The market is highly volatile, please manage your risks accordingly.