Gnosis Pay has revealed that a software flaw dating back to October 2023 enabled the $1.5 million exploit of its card safe infrastructure, while confirming that all affected users have been fully reimbursed. According to a postmortem published by Gnosis…
- Gnosis Pay experienced a $1.5 million exploit due to a software flaw in its Zodiac smart contract framework, which had existed since October 2023.
- The company has fully reimbursed all affected users, restored services, and is continuing efforts to recover approximately $300,000 in stolen assets.
- This incident highlights ongoing cybersecurity concerns in the crypto space, with similar exploits and governmental responses to cybercrime also mentioned.
Topics: Legal regulatory, Infrastructure providers, Risk default, 3 1 securities law classification, 4 1 tokenization platforms, 9 2 smart contract vulnerabilities
Tags: #gnosispay #cryptohack #softwareflaw #zodiacframework #smartcontract #userreimbursement #cybersecurity #digitalassets #stablecoins #gno
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