Thunder Terminal platform loses over $247 000 in an exploit

The hackers also demanded a ransom for deleting customer data

27.12.2023 - 12:12

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3 min

What’s new? Decentralized trading platform Thunder Terminal has suffered an exploit as a result of a hack of third-party database management provider MongoDB Atlas. As a result, 114 users of the platform lost 86,56 ETH and 439 SOLs totaling over $247 000. Thunder’s developers claim that the private keys and wallets of the 14 000 users were not compromised. In response, the hackers accused them of lying, specifying that they had all the customer data.

Source: Twitter.com

What else is known? Thunder claims to have stopped the attack in less than nine minutes and all assets are currently safe. They assured that they do not store private keys, so attackers do not have access to wallets, and less than 1% of wallets on the platform were affected as a result of the exploit of the withdrawal request processing system.

The company has begun a full technical audit and integration of a two-factor authentication system for withdrawals and has also contacted the FBI. At the same time, it said it was ready to negotiate on the terms of returning funds to users. “Otherwise, we intend to pursue this crime to the fullest extent of the US judicial system,” Thunder said.

The developers also assured that those affected will receive full compensation for damages, bonus internal points, and the ability to trade with zero fees.

P2P platform NFT Trader loses $3 million in assets due to an exploit

The tokens were purchased from an unknown user by Boring Security for 10% of the value

In turn, the hackers said in a comment on the on-chain transaction that all words about the safety of funds are lies. They demanded another 50 ETH coins for deleting the database of users at their disposal. At the exchange rate at the time of writing, the ransom is $113 950.

Earlier, TRM Labs reported that the damage from hacks of crypto projects in 2023 decreased by 50%, while the number of incidents remained virtually unchanged (about 160).

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