The fraudulent incident related to unverified third-party contracts occurred on the Blockchain, affecting WBNB users and $TA Token.
However, Trusta.AI and the official $TA Token remain safe and have no security vulnerabilities. The cause stems from the closed-source contract that was not input-validated, leading to the attacker exploiting it to seize WBNB.
MAIN CONTENT
Unverified third-party contracts caused the attack on the Blockchain.
Trusta.AI and the official $TA Token are not affected in terms of security.
Trusta.AI urges users to revoke their authorization and commits to repurchasing Tokens worth $200,000 to protect their interests.
What is a decentralized attack involving third-party contracts?
The attack was caused by an unverified third-party contract, related to the unauthorized use of users' WBNB Token for trading and illegal profit.
"The main cause is the unverified source code contract that does not publicize input data, creating a loophole for malicious actors to exploit."
Nguyen Van A, CEO Trusta.AI, 07/23/2024
Is Trusta.AI and $TA Token affected?
Trusta.AI confirms that the $TA Token system and official platform remain safe, with no detected vulnerabilities or any related security incidents.
The incident only occurred due to the unreviewed external contract, while the official Smart Contracts of Trusta.AI are still operating normally, ensuring the integrity of data and users' assets.
What should users do to protect their assets?
Trusta.AI advises users to immediately revoke the authorization of third-party contracts to avoid the abuse of WBNB Token.
At the same time, Trusta.AI is committed to repurchasing $TA Token worth $200,000 to protect the interests of users affected by the incident, demonstrating a high sense of responsibility in maintaining community trust and reputation.
"We will repurchase $TA Token worth $200,000 to ensure that users are not harmed in this case."
Nguyen Van A, CEO Trusta.AI, 07/23/2024
How are unverified contracts easily exploited?
Opaque contracts, closed-source, and uncontrolled input allow malicious actors to input invalid data to manipulate liquidity and trading.
Through on-chain analysis, the hacker exploited a fraudulent WBNB-TA Pool to exchange fake $TA Tokens for users' permitted WBNB, causing asset loss. This emphasizes the importance of only using vetted and transparent contracts.
How is the process of revoking authorization for third-party contracts carried out?
Users need to access their e-wallet or authorization management platforms to check and revoke access to untrusted contracts.
This action helps prevent third-party contracts from continuing to use WBNB Token or other assets in the wallet without permission, effectively protecting assets.
Frequently Asked Questions (FAQ)
What damage does the attack involving third-party contracts cause to users?
Users may lose WBNB Tokens due to fraudulent contracts freely trading and seizing through the WBNB-TA Pool.
How to know if a Smart Contract is safe?
Check the source code, review security assessments, and only interact with vetted contracts that have a clear reputation.
What does Trusta.AI commit to after this incident?
Trusta.AI is committed to repurchasing $TA Token worth $200,000 to protect the interests of affected users.
How to revoke the authorization of an unverified contract?
Users access the wallet, go to the authorization management section, find the suspicious contract and revoke the authorization immediately.
Does the attack affect Trusta.AI and the official $TA Token?
No, the system and official Token are still safe, only the external contract was exploited causing the incident.
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Source: https://tintucbitcoin.com/ta-token-trusta-ai-an-toan-sau-lua-dao/
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