Diamante ($DIAM) Contract Compromised on BSC
The $DIAM contract on BSC was compromised, leading to the minting of unauthorized tokens. The team secured the contract and froze a significant portion of the minted tokens.
The Diamante team discovered a compromise in the $DIAM contract on the Binance Smart Chain (BSC). An attacker gained control of the contract by using stolen company access keys, which allowed them to mint 161 million unauthorized DIAM tokens. This incident raised concerns about the security of access credentials within the organization.
In response to the incident, approximately 70% of the unauthorized tokens were frozen through cooperation with exchanges. The Diamante team took immediate action to secure the contract by migrating it to a new Multi-Party Computation (MPC) wallet. This step was crucial in preventing further unauthorized access and ensuring the integrity of the contract moving forward.
The team has committed to making all affected participants whole, indicating their intention to address the impact of the incident on the community. The situation highlights the importance of securing access keys and the potential risks associated with contract management on blockchain platforms.