Meson Finance Twitter Breached
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Meson Finance offers a fast and secure solution for executing low-cost, zero-slippage universal cross-chain swaps across major blockchains and layer-2 rollups. Currently available on 16 high-performance chains and layer-2 rollups, including Ethereum, BNB Chain, and Arbitrum, Meson plans to expand further to include additional L2 rollups and non-EVM chains like Sui and Solana. With innovative technology stacks, Meson achieves fast swap finality and low fees by processing swaps out-of-order and guaranteeing eventual execution with HTLC. The protocol has undergone rigorous security audits and welcomes liquidity providers to enjoy competitive yields with top-tier security commitments. Despite a recent Twitter hack, Meson clarified that the issue originated from a compromised third-party API and swiftly resolved the situation. At least one user on Twitter claims to have been affected and it is unclear if any compensation has been offered to that user.
This is a global/international case not involving a specific country.[1][2][3][4][5][6][7]
About Meson Finance
"Meson is the faster and safer way to execute low-cost, zero-slippage universal cross-chain swaps across all leading blockchains and layer-2 rollups."
"Meson has launched on 16 high-performance chains including Ethereum, BNB Chain, Tron, Avalanche, Polygon, Fantom, Aurora (NEAR), Cronos (Cosmos), Conflux eSpace, Moonbeam (Polkadot), Moonriver (Kusama), Aptos and EOS as well as Layer-2 rollups such as Arbitrum, Optimism and zkSync. Meson will continue to work on network expansion for the rest of 2023 with plan to roll out on more L2 rollups and non-EVM chains like Sui, Algorand and Solana.
In the meantime, Meson closely monitors the token market as it evolves and plans to introduce more widely-adopted stablecoins, such as DAI, etc. as well as tokens such as BTC/wBTC, to meet the growing demand on the market.
Thanks to the all-new product design and technology stacks, Meson achieves fast swap finality by out-of-order processing the swap from the origin to destination chains, where HTLC guarantees eventual execution of the swap. This innovative operating model also frees Meson from existing cross-chain bridges and significantly reduce our cost, offering lowest fee on the market. Meson protocol can be connected to any public chain that runs smart contracts.
Liquidity Providers are welcomed to join Meson to enjoy best available yields with industry-leading security commitments.
Meson protocol has been repeatedly audited by SSLabs at Georgia Institute of Technology and is currently going through robust code review by Trail of Bits. Further internal and external security reviews will be conducted by Meson Team and renowned auditors regularly to ensure compliance with highest level of security standards."
"Meson Finance $MSN Airdrop is now live!
Everyone is eligible to claim tokens from the allocation pool - directly funded by our treasury.
Claim your $MSN before they're all gone."
"lol meson's tw was hacked ?????? No notice who is responsible for my damage? ?"
"The Twitter account of the cross-chain bridge Meson Finance posted a tweet containing a phishing link. Meson Finance tweeted that the relevant content has been deleted and confirmed that the issue originated from a third-party API rather than a direct attack on the account."
"Approximately 30 minutes ago, an unauthorized post was made through our Twitter account.
We quickly removed the content and confirmed that the issue stemmed from a compromised third-party API, not a direct attack on our account.
Everything has now returned to normal. We deeply apologize for any concern this may have caused and appreciate your understanding and support."
"If you interacted with the suspect content, please ensure your safety by revoking any unintended wallet approvals"
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.
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
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| April 19th, 2024 12:16:00 AM MDT | Phishing Screenshot | A screenshot is captured of the malicious tweet. |
| April 19th, 2024 1:16:00 AM MDT | Twitter Post Acknowledgement | The Meson Finance team posts a tweet to acknowledge the hack and recommend that any users who may have interacted with the content to revoke any smart contract approvals. |
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 is unknown.
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
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
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
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ SlowMist Hacked - SlowMist Zone (Apr 24, 2024)
- ↑ Meson - Safe, Costless & Instant Cross-chain for Stablecoins (Apr 24, 2024)
- ↑ Meson Docs | Meson Fi (Apr 24, 2024)
- ↑ @mesonfi Twitter (Apr 24, 2024)
- ↑ @Hieu666888 Twitter (Apr 24, 2024)
- ↑ https://pbs.twimg.com/media/GLgcgLmaoAAuZ9E?format=jpg&name=large (Apr 24, 2024)
- ↑ https://web.archive.org/web/20240509215443/https://hacked.slowmist.io/?c=&page=2