Shezmu: Recovered 282.18 ETH, Remaining Funds Will Be Reported to Law Enforcement If Not Recovered Within 24 Hours
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September 21, 2024
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PANews reports that Shezmu, a leveraged yield protocol, has successfully recovered 282.18 ETH from a white hat hacker.
Shezmu posted on X that if they do not receive a response or the remaining funds are not returned within 24 hours, they will report the issue to law enforcement. They also announced that they have hired a dedicated security response team.
According to reports, the ShezmuETH (ShezETH) token was allegedly attacked, possibly due to a key leak. 9,900 additional ShezETH tokens were minted and exchanged for 332 ETH (valued at $880,000). ShezmuUSD was also hacked, though it is unclear if this is related to the Deployer key leak.
The collateral contract lacks mint() protection, allowing anyone to mint collateral tokens.
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