FilDA Exploit on Elastos Smart Chain and REI Network

Significant Exploit on FilDA

FilDA, a decentralized finance platform, recently suffered a major exploit, impacting the Elastos Smart Chain (ESC) and the REI Network. The attack resulted in a loss estimated at $700,000, showcasing vulnerabilities within the DeFi ecosystem.

Exploit Details

The perpetrators employed a bridging mechanism to transfer approximately 80,000 Elastos tokens (ELA) to the BNB Chain. These tokens were swapped for around 326 Binance Coin (BNB). Additionally, the hackers moved 200,000 ELA tokens to Ethereum, converting part of them into 17 ETH. The funds were then obscured using Tornado Cash, complicating traceability.

FilDA's Response

In response to the breach, FilDA has taken decisive actions to mitigate further risks. The platform identified and isolated the vulnerability, temporarily suspending activities on the ESC and REI Network. This measure aims to thoroughly investigate and rectify the issues.

Collaboration and Investigation

FilDA is actively collaborating with centralized exchanges and security partners to scrutinize on-chain activities. They are tracing the addresses involved in the exploit and have engaged law enforcement to underscore the incident's severity. These efforts are crucial in both recovering the lost funds and preventing future incidents.

Bounty Offer to Attackers

In a strategic move, FilDA has offered a bounty to the attackers if they return the stolen funds. This incentivizes the return of assets while highlighting FilDA's commitment to resolving the situation amicably.

Future Preventive Measures

FilDA assures users of ongoing updates as the investigation unfolds. The platform is developing a robust action plan to enhance security measures and prevent similar exploits. These proactive steps aim to restore user confidence and reinforce the platform's security infrastructure.