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ID:

juno-network-888

Date:

Status:

Incident Count:

May 4, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

36,000,000

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Recovered:

-

Rewards:

Currency:

USD, JUNO

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Cosmos

Network

Assets

Poor Governance

Extended Method:

Accidental burn, sent to incorrect address (TX hash)

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Days in Operation:

313

(0.86 Years)

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Juno is an open source platform for interoperable smart contracts which automatically executes, controls or documents a procedure of relevant events and actions according to the terms of such contract or agreement to be valid & usable across multiple sovereign networks.

Juno blockchain made an unprecedent community vote to seize back millions of USD of JUNO tokens from an investor who was accused of gaming the airdrop. However, as fate would have it, the seize tokens were sent to a transaction hash instead of the community address resulting in immediate and permanent loss of the transferred funds.

According to the whale from which JUNO seized the funds:

1. There was bug in v4.0.0 source code. Targeted destination byte address is not the Unity Contract Address, but its instantiated TxHash.
2. As the Unity Software Upgrade, the fund was transferred to the different address generated from the TxHash byte.

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