Attackers stole $6 million from Audius by exploiting a bug in the contract

Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. The post Attackers stole $6 million from Audius by exploiting a bug in the contract appeared first on CryptoSlate.

Timeline of Audius

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.

The Audius contracts on the Ethereum mainnet were compromised due to a bug in the contract initialization code. This bug made it possible for the attacker to transfer about 18 million AUDIO tokens.

Decentralized music platform Audius has identified the bug that had allowed a hacker to pass a malicious governance proposal and transfer tokens worth USD 6m, adding that they have applied a patch to regain control of the protocol.

Decentralized music streaming platform Audius has announced that it lost about $1 million to unknown hackers early this morning. According to the streaming platform, it mistakenly passed a malicious proposal that saw more than $5 million worth of the platform's tokens transferred.

A malicious actor siphoned $6 million from music platform Audius through the platform's decentralized governance system. The post Web 3 Streaming Platform Audius Hacked, $6M Stolen appeared first on BeInCrypto.

Hacker drained $1M from Audius after a malicious proposal requesting the 18 million tokens worth $6.1 million was approved in an exploit so let's read more today in our latest cryptocurrency news.

Audius reported that a hacker stole funds from its community treasury using a malicious governance vote.  The post Hacker pockets $1.1 million after stealing from music streaming protocol Audius appeared first on The Block.