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ID:

vechain-551

Date:

Status:

Incident Count:

December 14, 2019

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

6,700,000

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Recovered:

-

Rewards:

Currency:

USD, VET

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The VeChain Foundation has announced that “human error” led to the theft of $6.7 million worth of VET tokens last week. The hack occurred after a member of staff reportedly mismanaged the company’s private keys, which caused a buyback address to be compromised. VeChain claims to have conducted a “responsive investigation” and determined the incident was caused after the private key for the buyback address was stolen during the wallet creation process “due to negligence of the staff member”.

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