SIR.trading DeFi Protocol Loses $355K in Hack Targeting Ethereum's Transient Storage
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SIR.trading, an Ethereum-based DeFi protocol, was completely drained of its $355,000 total value locked (TVL) in a sophisticated hack targeting its Vault contract. The attack exploited a vulnerability in Ethereum's new transient storage feature, potentially marking one of the first real-world attacks of its kind. The stolen funds were transferred to an address using Railgun, an Ethereum privacy solution.
March 31, 2025 | 8:30 am
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The hack of SIR.trading highlights potential vulnerabilities in Ethereum's recently introduced transient storage feature, which could impact investor confidence in the blockchain's security.
The attack reveals potential systemic security risks in Ethereum's new technical feature, which could temporarily reduce investor trust and potentially impact ETH price
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