Cryptonews Gnosis Pay Suffers $1.5 Million Exploit Due to ERC-1271 Vulnerability
Article Content
- •Gnosis Pay lost approximately $1.5 million due to a vulnerability in ERC-1271.
- •The vulnerability allowed attackers to forge authorizations and withdraw funds from user accounts.
- •Gnosis Pay has committed to covering user losses and enhancing its security protocols.
On June 1, Gnosis Pay experienced a significant security incident due to a flaw in the ERC-1271 signature verification logic within the Zodiac Delay Module. This vulnerability allowed attackers to deploy contracts that falsely authorized fund withdrawals from 5,281 wallets, resulting in the theft of approximately $1.5 million, including $641,000 in GNO, $453,000 in EURe, and $399,000 in USDC.e. The flaw was introduced with Zodiac code version 3.4.0 in October 2023 and was patched on June 5. Gnosis Pay's incident response was swift, with the attack detected within two hours, leading to the isolation of affected systems. The company has committed to covering user losses and is expanding its security measures. The incident reflects a broader trend of cyberattacks in the crypto sector, which has seen hundreds of millions stolen in recent months.
Ask AI about this cluster
Answers cite the sources they use
Timeline
More articles in this cluster (2)
Following this threat?
Track Safe in your own feed — you're alerted when they show up in new reporting, leak sites or exploitation.
Free account · no card needed
Continue Reading
CVE-2015-3306 Exploited in ProFTPD FTP Servers CVE-2015-3306, a vulnerability in ProFTPD 1.3.5, allows remote attackers to read and write arbitrary files using the SITE CPFR and SITE CPTO commands. This exploit can lead to unauthorized access and potential remote code execution, as the commands are executed with the privileges of the ProFTPD service. Active… 
CISA Mandates Urgent Patching of Five Critical Flaws Exploited by Flax Typhoon The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has ordered federal agencies to patch five critical vulnerabilities by October 11, 2026, following exploitation by the China-linked hacking group Flax Typhoon. The vulnerabilities, added to CISA's Known Exploited Vulnerabilities (KEV) catalog, include…