Multi-Chain Lending Agreement FilDA Reports Losses of $700K Due to Yilai Cloud Intelligent Chain and REI Network Attacks

04/23/2023 11:46 • Digital Disruptors • 100 views

On April 23, it was reported that FilDA, a multi chain lending agreement, issued a statement on exploit, saying that it had been attacked on the Yilai Cloud intelligent chain (ESC) and REI network earlier today and had caused losses of about 700000 dollars. No other FilDA deployments were affected. Identified vulnerabilities and isolated attack media. The ESC and Rei FilDA platforms have been suspended and will only resume after a thorough review of the current situation. We will collaborate with CEX, security companies, and other parties to analyze on chain activities to help track and monitor these addresses. Law enforcement will be required to investigate this case and affected users will be encouraged to contact local law enforcement so that they are aware of the theft incident.

FilDA of the multi chain lending agreement issued a statement on exploit: it has caused losses of about 700000 dollars

As technology advances, cybersecurity risks continue to loom in the digital world. Even the most secure systems are vulnerable to attacks, which can lead to significant financial losses. On April 23, FilDA, a multi-chain lending agreement, reported that it fell victim to an exploit attack that resulted in a loss of about $700,000. In this article, we will explore the details of the attack, the vulnerabilities that were identified, and how FilDA plans to deal with this crisis.

What Happened on April 23, 2021?

FilDA announced that it was attacked on both the Yilai Cloud Intelligent Chain (ESC) and REI network on April 23, 2021. This attack resulted in losses of approximately $700,000. Fortunately, no other FilDA deployments were affected, and the vulnerabilities were isolated. The FilDA team immediately suspended the ESC and Rei FilDA platforms and launched a thorough investigation.

What Vulnerabilities Were Identified in FilDA’s System?

During the investigation, FilDA’s team identified several vulnerabilities in its system, which the attackers exploited. These vulnerabilities allowed the attackers to gain unauthorized access to FilDA’s funds and execute transactions without authorization. The team at FilDA is analyzing the on-chain activities to monitor addresses and track the attackers. The cybersecurity team is working hard to fix the vulnerabilities and ensure that they do not recur in the future.

What is FilDA Doing to Deal with the Situation?

FilDA is taking swift action to rectify the issue, collaborating with CEX, security companies, and other parties to deal with the attack. The FilDA team has suspended the affected platforms until a thorough review is carried out. The team is working with law enforcement agencies to investigate the root cause of the attack and identify affected users. Furthermore, FilDA is encouraging affected users to report the incident to the local law enforcement agencies.

Conclusion

This latest attack on FilDA highlights the importance of cybersecurity in the digital world. Even the most secure systems are vulnerable to attacks, and companies must have robust security measures in place to mitigate risk. FilDA’s reaction to this crisis has been swift, and the company is taking all necessary measures to rectify the situation. It is imperative for companies like FilDA to take proactive steps to prevent such attacks and safeguard their networks, systems, and funds.

FAQs

1. What is FilDA, and what does it do?
– FilDA is a multi-chain lending agreement.
2. How much money did FilDA lose due to the attack?
– FilDA suffered losses of $700,000 due to the attack.
3. What is FilDA doing to rectify the situation?
– FilDA is collaborating with CEX, security companies, and other parties to deal with the attack. The FilDA team has suspended the affected platforms until a thorough review is carried out. The team is working with law enforcement agencies to investigate the root cause of the attack and identify affected users.

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