OTSEA

DESCRIPTION OF EVENTS

OTSea is a peer to peer trading platform, which claims to offer better rates than many of the existing liquidity pools.

"We are GG, Grayhat Group. Heads up, we are attempting a token rescue. Some amount of tokens will be sold in the transaction. We do not intend to sell the rest of the tokens, and this is not a ransom. If we succeed we will send a detailed message. Brenden briefly spoke to a scout we sent to drop some hints about this."

"@otseaERC20 staking contract on Ethereum has been exploited for ~$26K by eoa: 0x000000003704BC4ffb86000046721f44Ef3DBABe who repeatedly withdraw the same staking id."

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OTSea is a peer to peer trading platform, which claims to offer better rates than many of the existing liquidity pools. On September 12th, a gray hat hacking group announced they were attempting a token rescue, and then completed an exploit for $26k worth of tokens. The hacking group announced their intentions to return the funds. There are no indications that funds were not returned. The token was relaunched with an even more deflationary model and this relaunch appears to have been successful.

https://web.archive.org/web/20240916181825/https://hacked.slowmist.io/ (Oct 15)
Address 0x000000003704bc4ffb86000046721f44ef3dbabe | Etherscan  (Oct 22)
@cryptolab_00 Twitter (Oct 22)
@otseaERC20 Twitter (Oct 22)
@CertiKAlert Twitter (Oct 22)
Ethereum Transactions Information | Etherscan  (Oct 22)
Ethereum Transaction Hash (Txhash) Details | Etherscan  (Oct 22)
Ethereum Transaction Hash (Txhash) Details | Etherscan  (Oct 22)
Ethereum Transaction Hash (Txhash) Details | Etherscan  (Oct 22)
Ethereum Transaction Hash (Txhash) Details | Etherscan  (Oct 22)
Ethereum Transaction Hash (Txhash) Details | Etherscan  (Oct 22)
@CertiKAlert Twitter (Oct 22)
@StefenCrypto Twitter (Oct 22)
@pandaly520 Twitter (Oct 22)
@lunaray_co Twitter (Oct 22)
@0xNickLFranklin Twitter (Oct 22)
OTSea Staking hacked – Defi hack analysis (Oct 22)
@pandaly_team Twitter (Oct 22)
@otseaERC20 Twitter (Oct 22)
https://archive.ph/xfguI (Oct 22)

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