AkuDreams was hit by a griefing exploit through its refundable Dutch auction in which the hacker didn’t profit
An NFT project called AkuDreams was hit by a grieving exploit via a refunded Dutch auction on Friday, in which the hacker made no profit, but the project’s smart contract follows. that was locked with $34 million in funds.
Smart contract AkuDreams mistake locks up $34 million of ETH for NFT project
Cryptocurrency developer Foobar posted code that shows that $34 million, or 11,539 eth, is permanently locked into the AkuDreams contract forever. It cannot be retrieved by individual users or by the dev team.
“We are locked down and consulting with some of the best on next steps. We will mint your NFTs, and reveal them as soon as humanly possible. We will also be working to issue funds for those passholders who bid with the intention of securing a price .5 ETH below the final price”, the Twitter account for AkuDreams, Aku::Akutars, satted.
This was followed several hours later by a tweeted update saying:
.5E Refunds for Pass Holders
– Will be honored
– ETA: Monday/Tuesday
– Why? Bank opens Monday. Money from Chapter treasury will be used.
– Will be airdropped
– Auditing contract to ensure accuracy
– ETA: Sunday
– Wait for the official Akutar OpenSea link
— Aku :: Akutars (@AkuDreams) April 23, 2022
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