White Hat Hacker Recovers 81% of $2.26M Stolen from Foom Cash

2026-03-02 21:46

Foom Cash, a decentralized anonymous lottery protocol, suffered a $2.26 million loss due to a security exploit. A white-hat hacker, Duha, managed to recover $1.84 million, approximately 81% of the stolen funds. The breach was caused by a misconfiguration of the Groth16 verifier, allowing attackers to submit forged proofs. Duha quickly identified the vulnerability and secured the funds on the Base chain, while security firm Decurity assisted in recovering funds on Ethereum. As a reward for their efforts, Foom Cash paid Duha a $320,000 bounty and Decurity a $100,000 security fee.

Original Link

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.