- OpSec faced a breach that led to unauthorized withdrawal of funds from their strike contract.
- OpSec responded by migrating their marketing and development portfolios to newly isolated portfolios.
In a recent turn of events, OpSec, an AI-powered decentralized cloud security platform, suffered a significant breach when remote attackers infiltrated their system on July 10.
This security lapse led to the unauthorized withdrawal of funds from OpSec’s strike contract.
OpSec in action
However, OpSec took responsibility for the situation and within an hour made a statement about
“We are taking immediate steps to address the situation by removing liquidity from the current $OPSEC contract. We must act quickly to restore and migrate the contract address (CA).”
To prevent further escalation, the team has also reached out to the community for support and assistance.
“To support this urgent migration, we need your help. Send your $OPSEC tokens to the recovery address below to receive V2 tokens during the migration.”
Source: OpSec/X
Word of caution
Naturally, OpSec also issued a warning, clarifying that they had taken a “snapshot of the current holders for the V2 airdrop.”
Furthermore, as a precautionary measure, the team has also advised users not to purchase the current $OPSEC token until the situation is under control.
However, despite these efforts, the community seemed disappointed with the situation, as highlighted by RAIDMACHINE, who stated:
Source: Raidmachine/X
Additionally, the $OPSEC token also plummeted 89% in the past 24 hours, due to declining investor interest, per Coin gecko facts.
Despite criticism, OpSec assured users that their funds are safe, and the team took swift action by migrating marketing and development wallets to newly isolated wallets for improved security.
This migration promises several benefits, including improved contract security, prevention of sudden dumps, reduced tax implications and improved liquidity.
According to the team
“All users are safe. If you are a $OPSEC holder and have not made a purchase after 15:15 UTC, Wednesday, July 10, 2024, you are completely safe. Where necessary, we will deal with individual cases.”
Recently, Kraken, a leading cryptocurrency exchange, also revealed a critical bug on June 19 that allowed unauthorized users to generate funds, resulting in at least $3 million in digital asset withdrawals.
Therefore, these incidents serve as a reminder of the ongoing security challenges in the digital asset landscape.
