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news-imageJuly 24, 2022

Hacker drains $1.08M from Audius following passing of malicious proposal

A malicious proposal (Proposal #85) requesting the transfer of 18 million Audius' in-house AUDIO tokens worth nearly $6 million was approved by community voting.
Publisher: Cointelegraph
Sentiment: Negative
AUDIO

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How was $6 Million Hacked from Audius?

The team behind Audius, the decentralized music platform, has detailed the exploit that led to the loss of around $6 million. Over the weekend, an overlooked vulnerability resulted in an exploit of Audius.

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July 24, 2022

Audius loses $1 million to hackers

Decentralized music streaming platform Audius has announced that it lost about $1 million to unknown hackers early this morning. According to the streaming platform, it mistakenly passed a malicious proposal that saw more than $5 million worth of the platform's tokens transferred.