{"id":572176,"date":"2022-06-07T19:14:20","date_gmt":"2022-06-07T18:14:20","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=572176"},"modified":"2022-06-07T19:14:20","modified_gmt":"2022-06-07T18:14:20","slug":"hackers-stole-1-65m-of-elrond-dumped-it-causing-a-92-drop-in-eglds-on-maiar-dex","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/hackers-stole-1-65m-of-elrond-dumped-it-causing-a-92-drop-in-eglds-on-maiar-dex\/","title":{"rendered":"Hackers Allegedly Stole $1.65m Worth of Elrond, Dumped it, Causing a 92% Drop in EGLD’s Price on the Maiar DEX"},"content":{"rendered":"
Key takeaways:<\/p>\n
Hackers have allegedly stolen $1.65 million worth of ELGD through a security breach on the Elrond Network.<\/p>\n
According to the team at WuBlockchain, the attackers obtained the funds ‘for free’. They then proceeded to sell the Elrond on the Maiar Decentralized Exchange, thus causing a 92% price drop in the digital asset on the platform. The team at WuBlockchain<\/a> shared their conclusion on the security breach at Elrond through the following tweet.<\/p>\n There was a security breach in Elrond, a L1 network. Hackers obtained nearly $1.65 million EGLD for free, and sold them through Maiar DEX, resulting in a 92% drop. At present, the official has suspended DEX and related APIs. https:\/\/t.co\/Odv0Yi0JQV<\/a><\/p>\n — Wu Blockchain (@WuBlockchain) June 7, 2022<\/a><\/p><\/blockquote>\n\n