Foom.Cash security protocol, built on Ethereum, was recently exploited due to a cryptographic verification vulnerability, causing estimated damages of $2.26 million. The attack affected contracts on both Ethereum and Base, resulting in the loss of over 24.28 trillion FOOM tokens. A transaction on Base caused a loss of approximately $427,000, while transactions on Ethereum worth $1.83 million are believed to be “white-hat” efforts to recover assets.
According to GoPlus Security, misconfigured verification keys allowed attackers to impersonate zkSNARK proofs. Certik and BlockSec described this as a “copycat” attack similar to the previous Veil Cash incident. Although promoted as an upgrade of Tornado Cash, Foom.Cash has not issued an official response or remediation plan.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BONK.fun Alert: The BONK.fun domain has been compromised. Do not interact.
March 12 News: BONK.fun posted on X that malicious actors have compromised the BONKfun domain. Please do not interact with the website until the team ensures everything is secure.
GateNews4m ago
Fantasy.top Fundraising Controversy: Angel Investor Accuses of Losing Contact, Founder Claims Never to Have Used a Single Penny
The founder of Fantasy.top denies the allegations of refunds to angel investors, emphasizing that the company has been operating based on product revenue for the past two years and has not used investor funds. Some investors have stated they have not received the expected financial reports and are calling on the founder to take responsibility. The platform was once well-rated but has recently shifted to a prediction market, which still awaits further clarification from the official.
MarketWhisper48m ago
A user was hacked and lost $53,000 worth of PAXG due to signing a malicious Approve transaction.
Gate News Report, March 12 — According to GoPlus monitoring, a user was targeted by a phishing attack after signing a malicious Approve transaction, resulting in the theft of $53,000 worth of PAXG.
GateNews1h ago
Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases
Bitcoin temporarily reports $69,980, driven by CPI data. Wells Fargo applies for WFUSD trademark to explore crypto business, Ledger reveals MediaTek chip vulnerability. U.S. stocks mostly close lower as markets focus on Middle East tensions. Investor sentiment remains stable, with overall performance flat.
MarketWhisper1h ago
Fantasy.top founder denies "soft Rug Pull" allegations, states investor funds were not used
Fantasy.top faces accusations from angel investors, claiming the team went silent and refused to refund $50,000, sparking "soft Rug Pull" allegations. Founder Travis Bickle countered that the company operates based on product revenue and has not used investors' funds. Several well-known investors also reported experiencing similar situations.
GateNews2h ago
Indian police arrest suspect involved in GainBitcoin Ponzi scheme at Mumbai airport
Gate News Report, March 11 — India's Central Investigation Bureau (CBI) announced the arrest of Darwin Labs co-founder and CTO Ayush Varshney at Mumbai Airport on suspicion of involvement in the GainBitcoin Ponzi scheme. It is reported that Varshney was attempting to leave India at the time. Investigations revealed that the scheme was operated by Variabletech Pte. Ltd., which attracted investors by promising high returns on crypto investments. Law enforcement officials accused Darwin Labs of developing and deploying critical technological infrastructure for the scheme, including the MCAP cryptocurrency token and ERC-20 smart contracts. Additionally, Darwin also provided technology for GBMiners.com Bitcoin mining platform, BitCoin Payment Gat
GateNews3h ago
