SuperRare's RareStakingV1 contract suffered a security exploit, allowing attackers to drain nearly $731,000 worth of $RARE tokens by exploiting a faulty permission check in the updateMerkleRoot function. Despite the breach, the primary $RARE token contract and essential token functionalities remain unharmed. The incident highlights vulnerabilities amid a booming NFT market fueled by Ethereum’s rally and blue-chip NFT collections’ resurgence. SuperRare is yet to provide a comprehensive post-mortem or remediation strategy.
Continue to read SuperRare Suffers $730K Staking Contract Breach, $RARE Token Contract Remains Secure
SuperRare's RareStakingV1 contract suffered a security exploit, allowing attackers to drain nearly $731,000 worth of $RARE tokens by exploiting a faulty permission check in the updateMerkleRoot function. Despite the breach, the primary $RARE token contract and essential token functionalities remain unharmed. The incident highlights vulnerabilities amid a booming NFT market fueled by Ethereum’s rally and blue-chip NFT collections’ resurgence. SuperRare is yet to provide a comprehensive post-mortem or remediation strategy.
Continue to read SuperRare Suffers $730K Staking Contract Breach, $RARE Token Contract Remains Secure
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