New Twist in CertiK White-Hat Hacking Saga: Attempted Exploits on Other Exchanges Detected

The CertiK white-hat hacking saga took an unexpected turn as new information has emerged regarding attempts to exploit the same bug discovered in Kraken. Onchain records reveal that someone tried to exploit the bug on other centralized exchanges, including Binance, OKX, BingX, and Gate.io, as early as May 17, weeks before CertiK identified the issue on Kraken on June 5.

The hacker used a “revert” attack to deceive exchanges into allowing fraudulent withdrawals by creating a smart contract that tricks the exchange into thinking funds have been deposited when they have not. Multiple attempts were made on different exchanges using this method, raising questions about the extent of the exploit and whether CertiK was involved in these earlier attacks.

While CertiK publicly disclosed the revert attack, there is no concrete evidence linking them to the earlier exploits. Security experts are investigating the signature hash of the function used in the attacks to determine if CertiK or another party was responsible.

The ongoing saga between Kraken, CertiK, and the hacker highlights the vulnerabilities present in centralized exchanges, which hold billions of dollars worth of crypto assets. As the story continues to unfold, the crypto community remains vigilant in monitoring for any further developments.

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