🚨 Forta Firewall Detects $1.8M MIM Spell Exploit in Real-Time
🚨 Forta Firewall Detects $1.8M MIM Spell Exploit in Real-Time
🚨 $1.8M Gone
Forta Firewall successfully flagged a major exploit targeting MIM Spell protocol that drained $1.8 million.
The Attack Details:
- Exploited a critical flaw in the cook() function
- Allowed attacker to borrow funds without providing collateral
- Resulted in ~$1.8M MIM tokens being drained
Real-Time Detection: Forta's monitoring system detected the exploit as it happened, demonstrating the potential for preventing such attacks if proper automated response systems were in place.
This incident highlights both the ongoing security challenges in DeFi protocols and the growing importance of real-time monitoring solutions for protecting user funds.
🚨 Forta Firewall flagged the $1.8M @MIM_Spell exploit on mainnet A flaw in cook() let the attacker borrow without collateral. Draining ~1.8M MIM. Seen in real time. Could’ve been stopped.
🛡️ Crypto Drainers Evolve
**SEAL analysis reveals sophisticated evolution in crypto drainer tactics** - attackers now use advanced phishing kits and obfuscation techniques to steal funds. **Key developments:** - Drainers employing more complex phishing methods - Enhanced obfuscation making detection harder - Traditional security measures struggling to keep pace **Forta Firewall's response:** - Detects malicious signals in real-time - **Blocks phishing transactions before execution** - Prevents threats from reaching the blockchain *Pre-chain protection becoming the new security standard for crypto users.*
🛡️ Firewall Evolution Blocks Scams
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Institutions Rush Into Crypto as Security Becomes Non-Negotiable
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Forta Firewall Partners with Plume Network for RWA Security
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