EOS news update: 2.09 million EOS disappears in a hack attack – EOS accounts blocked by Houbi

  • Funds worth $7.7 million disappears after a new Block Producers fails to update the blacklist.
  • Huobi exchange utilizes data from ECAF to monitor transactions from blacklisted accounts to its wallets.

A hacker who is yet to be identified made away with 2.09 million EOS following the failure of a new active BP to update the blacklist of the network’s mainnet accounts. The hack took place a few days and was first mentioned on ‘EOS Go’ Telegram channel.

“On February 22, 2019 a new Active BP (games.eos) did not update the blacklist for EOS mainnet accounts. The blacklist is used to freeze accounts that were hacked. Due to the blacklist not updated, one of these frozen accounts attacker managed to transfer 2.09 million EOS.

The hacker got the opportunity to steal the funds after the EOS team had devised a way to fix the broken blacklist. The EOSIO chain Block Producers (BP) are given the mandate to add accounts on a blacklist. However, the new BP failed to update a new version of the blacklist for the EOS mainnet accounts. This gave the hacker a window to fizzle EOS coins.

Moments after the hack attack the security team at Huobi assessed the data provided by the EOS Core Arbitration Forum (ECAF) in a bid to monitor EOS transactions from the blacklisted accounts to Huobi wallets. The exchanged moved to block all EOS accounts linked to the blacklist.

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Cryptocurrency market update: Ripple, NEO and Monero dump as altcoins' short-lived boom takes a breather

The cryptocurrency market is back to the recent default settings; painted red everywhere. This comes after corrected higher three days in arrow. Ethereum, the largest altcoin in the market tested $215 resistance.

More Cryptocurrencies News

Monero price analysis: XMR/USD reverses Wednesday’s gains, goes below $74.0

Monero (XMR) is one of the biggest losers among top-20 coins. XMR/USD has lost nearly 10% since the beginning of Thursday to trade at $73.64 by press time.

More Monero News

Ripple market overview: XRP/USD goodbye $0.32, hello $0.28

Ripple is making a comeback into the rags just as quickly as it ascended to the riches. The gains accrued from earlier in the week majestically cleared multiple resistance levels starting with the simple moving averages.

More Ripple News

TRON market update: TRX/USD collapses below $0.0170, loses over 4% in a matter of hours

TRON (TRX) has partially reversed Wednesday’s gains amid global correction on the cryptocurrency markets. TRX/USD has lost over 4.5% of its value to trade at $0.0166 by press time.

More Tron News


Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast