Decurity stated that the firm met with unexpected friction from DxSale after reporting the security bug.
A security outfit led by ethical hackers who specialize in security audits claimed to be offered a $500 bounty by DxSale Network, a decentralized token launchpad, after informing the platform of a breach that could cost it over $5 million.$500 Reward for Saving $5 million, revealed that one of its researchers on June 28, 2023, discovered a bug in an unverified smart contract on the Binance smart chain belonging to DxSale and was offered a reward of $500 for their efforts.
Based on calculations, a total of 21,600 WBNB tokens in the pools worth around $5.2 million at the time of the report could have been stolen if hackers noticed the vulnerability. Meanwhile, the security firm stated:“Note that this figure reflects the losses that could be inflicted by an exploit that targets a single instance of the locking contract. However, Dx has more locking contracts on BSC and other chains.
As a way to fix the bug, the project’s developers decided to set high locking fees on June 29 as a solution to the issue to discourage attackers from carrying out an action. According to Decurity, the solution could deter hackers, but DxSale owners could drain the funds in the event of a potential rug pull.
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