Telcoin

Telcoin Suffers $1.2 Million Security Breach

December 25, 2023
Attack Types: 
Wallet Hack
Entity Types: 
DeFi ,Wallet
Target Entities: 
Telcoin

Summary # On December 25, 2023, Telcoin, experienced a security breach due to incorrect initialization of wallet contracts, which resulted from a mismatch between the actual implementation of the wallet and the corresponding proxy server, the attacker was able to transfer $TEL from user wallets for $1.2 million. Attackers # The identity of the hackers who attacked Telcoin is unknown. Hacker ETH Wallets: 0x35d2775e5f95596509951b140d68fc5b9185ff98 0xdb4b84f0e601e40a02b54497f26e03ef33f3a5b7 Losses # Telcoin estimated the losses from the hack to be $1. ...