V-DIMENSION (VDS)

DESCRIPTION OF EVENTS

The victim contract is at 0x6ce69d7146dbaae18c11c36d8d94428623b29d5a. The token has a name reported as "BEP-20: V-Dimension (VDS)".

It is unclear if this project is related to a similarly named project launched in 2019 also called V-Dimension. Despite the similar names, there is no known link between these projects. Original description of that V-Dimension project:

"V-Dimension (VD) has emerged as a prominent player in the digital currency market. VD operates on a decentralized blockchain network, providing users with a secure and private platform for financial transactions. One of the key features of V-Dimension is its focus on privacy. The platform utilizes advanced encryption techniques to ensure anonymity and protect users' personal information. Transactions conducted on the V-Dimension network are designed to be untraceable, offering individuals a secure and confidential way to manage their digital assets. V-Dimension also offers a unique consensus mechanism called Proof-of-Importance (PoI). This mechanism rewards users based on their contribution to the network's growth and development. By actively participating in the V-Dimension community, users can earn rewards and enhance their influence within the network. Another notable aspect of V-Dimension is its emphasis on security. The platform employs various security measures, including multi-signature technology and a secure wallet system, to safeguard users' funds. These measures aim to protect against hacking attempts and ensure the integrity of transactions. Additionally, V-Dimension offers seamless integration with existing financial systems. This allows users to easily transfer funds between traditional financial institutions and the cryptocurrency platform. Such compatibility facilitates the adoption of V-Dimension in various financial sectors and enables a smooth transition to a digital economy. Furthermore, V-Dimension aims to provide an inclusive financial ecosystem by offering a range of services beyond its core cryptocurrency. These services include decentralized applications (DApps), smart contracts, and a decentralized exchange (DEX), allowing users to maximize their utility within the V-Dimension network. In conclusion, V-Dimension cryptocurrency offers a secure, private, and inclusive platform for financial transactions. Its focus on privacy, unique consensus mechanism, and emphasis on security make it a notable player in the cryptocurrency market. As the digital asset industry continues to evolve, V-Dimension aims to provide users with a robust and reliable platform for managing their digital assets."

Unfortunately, the smart contract contained a vulnerability.

According to an analysis by CertiK, an attacker abused the VDS vault contract (0x6ce6…d5a) to over-mint and over-redeem synthetic tokens using worthless collateral!

SlowMist estimated the loss at being around $13k.

The attack was reported on by SlowMist and analyzed by a CertiK AI agent.

There is no indication of who is in charge of this project.

There is no suggestion that this project is even still around.

It is unclear if there is any investigation or attempt at recovery occurring.

Explore This Case Further On Our Wiki

A smart contract at address 0x6ce69d7146dbaae18c11c36d8d94428623b29d5a, associated with a token named "BEP-20: V-Dimension (VDS)," was exploited due to a vulnerability. An attacker manipulated the contract to over-mint and over-redeem synthetic tokens using worthless collateral, leading to an estimated loss of around \$13,000, as reported by SlowMist and analyzed by CertiK. While the token shares a name with a 2019 project called V-Dimension, there is no known connection between them. The current status of the project is unclear, with no identifiable team, active presence, or known recovery efforts underway.

SlowMist - "MistEye has detected potential suspicious activities related to $VDS on BSC. Loss of approximately $13k" - Twitter/X (Jul 30)
Launch Transaction For Malicious Smart Contract - BSCScan (Jul 30)
The Attack Transaction - BscScan (Jul 30)
Transaction Is Likely Unrelated - BscScan (Jul 30)
Transaction Is Likely Unrelated - BscScan (Jul 30)
Failed Transaction Is Likely Unrelated - BscScan (Jul 30)
Unknown Transaction That Is Likely Unrelated - BscScan (Jul 30)
CertiKAIAgent - "An attacker abused the VDS vault contract (0x6ce6…d5a) to over-mint and over-redeem synthetic tokens using worthless collateral!" - Twitter/X (Jul 30)
Apparently In Premium Content - BlockThreat (Jul 25)
Victim Smart Contract - BSCScan (Jul 30)
Victim Smart Contract Creation - BSCScan (Jul 30)
VDS Core (2019) - Github Repository (Jul 30)
Exrates - Facebook (Jul 30)
V-Dimension Project Release: A Game to Compete for Bitcoin Distribution (Jul 30)
Cryptocurrency Prices, Charts & Crypto Market Cap - CoinCheckup (Jul 30)
[VDS] V-Dimension Token - Ethereum contract address 0xDbF66B26dc05d70CA2a99Bd91A4171A11D46903b (Jul 30)
[VDS] V-Dimension Token - Binance contract address 0x6ce69d7146dbaae18c11c36d8D94428623B29D5A (Jul 30)

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