Yet another attack by unknown hackers has hit the cryptocurrency industry. MetaPoint, a metaverse platform, was attacked by unknown hackers. latest hack And lost around $1 million in crypto assets.
The breach occurred on April 12, 2023. It resulted in a loss totaling 2,515 BNB. Hackers have stolen all assets and transferred them into Tornado Cash. They aim to avoid tracing as the asset mixer will mask the recipients’ addresses.
MetaPoint has not yet made an official statement about the incident or if a refund plan is being considered at the time of writing.
MetaPoint Briefing and Latest Hack
MetaPoint, a Metaverse Platform that allows players to engage in standard activities in their virtual world, is MetaPoint. These activities include social activities, video gaming, events, and business ventures.
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MetaPoint offers a unique trading strategy as well as an updated AMM system. This allows gamers to be themselves and participate in a metaverse as well as a financial system.
The latest hack involved one of the Metaverse smart contracts being compromised by hackers. Users can deposit money and a contract will automatically be created where they will go.
It made it easier to steal the funds, as the deposits would go directly to their smart contracts instead of the main.
The MetaPoint team Telegram was immediately shut down and all activity reported about the attack. They are currently developing solutions to the vulnerabilities they have discovered, according to reports. Additionally, the loss of money could have been enormous if it had taken place longer.
Previous Exploits On Metaverse
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In February, a play-to-earn metaverse game called The Sandbox revealed One of its social media accounts had been taken. Sandbox stated that it would look into the situation and assured its users.
Users were also advised not to open links that originated from their Instagram account unless further notice is given by the Sandbox team. It is one of the most played metaverse games, with over a million users daily.
Desrosiers, An exploit was discovered in 2022 that targeted a game that wanted the virtual environment for a game about teaching children about human anatomy.
The metaverse ecosystem is growing and there are several trends that users may see before 2024. There is a lot of gaming in the metaverse, and we might see virtual reality gaming grow even more by 2024. It is possible to completely immerse in virtual reality (VR), making the experience more real and interactive.
Pixabay featured image and Chart from Tradingview
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