#CryptoScamSurge . On Monday, July 28, due to a critical vulnerability on the NFT platform SuperRare, hackers were able to steal #RARE tokens worth nearly $730,000. According to several cryptocurrency security platforms, the fraudsters targeted one of SuperRare's staking contracts.
Experts from Blockaid reported that hackers targeted the RareStakingV1 staking contract, which contained a critical vulnerability in its code. Subsequent analysis showed that there was a flaw in the contract that allowed anyone to pass verification and gain control over the contract.
Our real-time exploit detection systems identified malicious transactions targeting one of the staking contracts used by SuperRare. The attacker deployed a contract for the exploit, but the actual attack was carried out by a forwarder one block later, SuperRare reported.
After the attackers were able to gain control over the smart contract, they transferred the assets to their wallets. However, blockchain security experts emphasized that only the staking contract was affected, and the NFT trading platform itself and the RARE token were not impacted.
Despite this, the platform's native cryptocurrency has dropped by 6% from the daily high of $0.0617 to $0.05815. However, the RARE token is still trading at 13% higher than a month ago. Currently, the market capitalization of the digital asset exceeds $48.01 million.