Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/autochainglobalcontracthacked.php}} {{Unattributed Sources}} AutoChain Global Logo/HomepageAutoChain is a smart matrix model which allows users to earn money by promoting a multi-level marketing scheme to their friends or family as passive income. On June 14th, the protocol suffered an attack. Although no public announcement of the specific hack was pr..."

2024-09-18T19:42:04Z

Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/autochainglobalcontracthacked.php}} {{Unattributed Sources}} thumb|AutoChain Global Logo/HomepageAutoChain is a smart matrix model which allows users to earn money by promoting a multi-level marketing scheme to their friends or family as passive income. On June 14th, the protocol suffered an attack. Although no public announcement of the specific hack was pr..."

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{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/autochainglobalcontracthacked.php}}
{{Unattributed Sources}}

[[File:Autochainglobal.jpg|thumb|AutoChain Global Logo/Homepage]]AutoChain is a smart matrix model which allows users to earn money by promoting a multi-level marketing scheme to their friends or family as passive income. On June 14th, the protocol suffered an attack. Although no public announcement of the specific hack was provided, the protocol appears to have been updated nearly immediately to limit the participation of MEV (miner extractible value) bots. Other sources also did not explain the mechanism behind the attack, and it is unclear what restitution will be made to affected users, if any.<ref name="slowmisthackedarchive-14374" /><ref name="bscscan-14400" /><ref name="autochainglobaltwitter-14401" /><ref name="autochain-14402" /><ref name="chainaegistwitter-14403" />

== About AutoChain Global ==
"Autochain is a transparent sharing network built on the Blockchain. Sharechain's model is a smart matrix model that maximizes income for the community. The first blockchain that Sharechain has chosen to develop on is Binance Smart Chain. Binance Smart Chain offers low transaction fees and fast transaction processing speed, ensuring the network operates with high efficiency without interruptions. Join Sharechain today to start earning money right away."

"We connect into a global decentralized financial mutual aid community. With the Mission to help 100 million users have stable jobs and become rich!"

"Mining ATC with monthly profit

up to 30%

Join Autochain network today to build a passive income source for your life."

"Build passive income easily with Autochain. Just dedicate a little bit of your initial time to join and develop the network, and you will receive incredible and regular rewards every day. Sharechain is a sustainable model and the latest trend in earning money online today."

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
"AutoChain Global's contract on BNBChain was suspected to be attacked, with a loss of approximately $113,000."
{| class="wikitable"
|+Key Event Timeline - AutoChain Global Contract Hacked
!Date
!Event
!Description
|-
|June 14th, 2024 7:24:41 AM MDT
|Blockchain Transaction
|The attack transaction which removes $113k from the smart contract.
|-
|June 14th, 2024 7:54:00 AM MDT
|Bot Mev Attack Testing
|The AutoChain project Tweets that they are "currently performing attack testing transactions from Bot Mev" and that the "platform may not work properly for a short time".
|-
|June 14th, 2024 9:34:00 AM MDT
|MEV Bot Testing Program Complete
|The AutoChain project tweets that they have completed a MEV Bot Testing Program.
|-
|June 14th, 2024 7:34:00 PM MDT
|Limit MEV Bot Solution
|The AutoChain project announces that they "have completed the solution to limit MEV BOTs on Autochain" and that "[u]sers who have participated in mining on the http://Autochain.info platform will always be protected".
|-
|June 15th, 2024 6:00:00 AM MDT
|Protocol Upgrades In Progress
|The AutoChain project announces that the P2P exchange for their FKD token will temporarily halt for an upgrade at 3:00 PM on June 15, 2024. They are working hard to upgrade the Autochain ecosystem.
|-
|June 16th, 2024 9:44:00 PM MDT
|ChainAegis Post
|ChainAegis posts about the suspected breach transaction. The suspected attack transaction is provided. No specific details are provided about the mechanisms of the attack itself.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
The total amount lost has been estimated at $113,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
"We have completed the solution to limit MEV BOTs on Autochain. Users who have participated in mining on the http://Autochain.info platform will always be protected. Please note: Large quantity purchases of ATC Tokens during the testing phase may be restricted."

"The P2P exchange for FKD will temporarily halt trading for an upgrade at 3:00 PM on June 15, 2024. We are working hard to upgrade the Autochain ecosystem."

"Welcome back Bot Mev. We are currently performing attack testing transactions from Bot Mev. The platform may not work properly for a short time. Please do not make any transactions with ATC Tokens"

"We have completed the MEV BOT testing program. But all transactions are still being checked again. All mining transactions are not affected. We welcome any contributions from the community. Best regards"

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="slowmisthackedarchive-14374">[https://web.archive.org/web/20240617180525/https://hacked.slowmist.io/ SlowMist Hacked - SlowMist Zone] (Accessed Jun 20, 2024)</ref>

<ref name="bscscan-14400">[https://bscscan.com/tx/0xe64530857e64e9be1c5ef669ed883770edc6cef005e9464eeb54072ee925ebba BNB Smart Chain Transaction Hash (Txhash) Details | BscScan] (Accessed Jun 24, 2024)</ref>

<ref name="autochainglobaltwitter-14401">[https://twitter.com/Autochainglobal @Autochainglobal Twitter] (Accessed Jun 24, 2024)</ref>

<ref name="autochain-14402">[https://autochain.info/ AUTOCHAIN] (Accessed Jun 24, 2024)</ref>

<ref name="chainaegistwitter-14403">[https://twitter.com/ChainAegis/status/1802547751223505243 @ChainAegis Twitter] (Accessed Jun 24, 2024)</ref></references>

AutoChain Global Contract Hacked - Revision history