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Pump Science Security Breach: Users Warned of Fake Tokens
Nov 27, 2024
< 1 min read
by Coin Edition
for CoinEdition
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- Attackers exploited an exposed private key from a hacked wallet to create unauthorized tokens.
- Offchain token creation added complexity, making it harder to distinguish legitimate from fraudulent tokens.
- Pump Science partnered with Blockaid to flag unauthorized tokens and enhance transaction security.
Pump Science, a decentralized science (DeSci) platform on Solana, announced a security breach caused by a hacked wallet. The platform explained that the private key of their wallet, which produces URO and RIF tokens, was exposed due to developer oversight.
Attackers exploited this breach to create unauthorized tokens, misleading users and causing concern.
How the Attack Happened
The breach stemmed from a developer error that exposed the private key for the wallet, identified as T5j2U…jb8sc, in the platform�…
The post Pump Science Security Breach: Users Warned of Fake Tokens appeared first on Coin Edition.
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