Gamma Strategies announces investigation into $469,000 vulnerability

Ethereum-based asset management protocol Gamma Strategies has announced an investigation into an ongoing security incident that may have depleted at least 211.9 Ethereum.

On January 4, blockchain investigator PeckShield detection A vulnerability worth approximately $469,000 involving Gamma Strategies.

Gamma Strategies hackers moved stolen funds via blockchain. Source: EtherScan

Shortly after, the DeFi protocol confirmed “possible security issues,” but assured users they could still withdraw funds if needed.

We are monitoring and responding to possible security incidents. Please be patient while we take security precautions to evaluate the issue.If you need to draw our frontend is still on https://t.co/p5JwV003JJ

– Gamma (@GammaStrategies) January 4, 2024

Gamma posted on X (Twitter) that they will reveal more details about the incident once they complete their investigation.

A verified fake X account appears to be impersonating Gamma’s social media presence amid the chaos. There is a fake account.

Verified accounts impersonate Gamma to conduct phishing attacks. Source:X

The fake post received more likes and views than Gamma’s original tweet warning about the security incident. Until the investigation is concluded, investors should carefully check all links and ensure that they only interact with Gamma through official channels.

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Itadori

According to Cointelegraph