The post DeSci project carrying URO and RIF tokens compromised through its GitHub repository appeared on BitcoinEthereumNews.com.

Just days after the rise of DeSci projects and the rallies of URO and RIF, the Pump Science platform announced that a problem in its GitHub repository resulted in a compromised launch wallet.  The wallet that launched URO and RIF, two of the hottest DeSci tokens, has been exposed and may produce additional scam tokens. The Pump Science platform explained the hack happened through its GitHub platform, where the hacked found a key pair in the source code. Commenters noted that previously, the same team explained a similar exploit due to a compromised website, leading to suspicions of a deliberate event near peak token valuations.  The current explanation for the exploit was that Pump Science believed the compromised wallet was inconsequential and used for testing purposes, therefore not worrying about putting a key pair on a GitHub source code repository. The team was aware of the key pair’s presence in the code, but believed the developer team behind URO and RIF would use another wallet for token generation.  However, it turned out to be the address linked to the generation of URO and RIF, the two trending DeSci tokens. The usage of the compromised address may be a personal mistake, connected to the way that Pump.fun treats free token generation events.  Both URO and RIF were first created on Pump.fun, before being deployed on Pump Science as DeSci tokens. The process on Pump.fun creates the tokens on its front end, then sends them to the chosen wallet. That wallet is then linked as the token creator, on the merit of receiving the very first transaction of the new meme asset.  https://twitter.com/pumpdotscience/status/1861080069021827114 The URO and RIF tokens are not compromised, and no significant amounts were stolen. The compromised wallet itself has not been drained, and contains several meme tokens valued above…

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Filed under: News - @ November 26, 2024 7:24 pm