Degen Zoo Project of DAO Maker Suspected of Hacking on Binance Oracle

04/02/2023 10:30 • Metaverse & Beyond • 96 views

On April 2nd, according to the official Telegram announcement, the DAO Maker project Degen Zoo was suspected of being hacked on Binance Oracle. The project team has currently suspended the game and launched an investigation, stating that no vulnerabilities have been discovered as of 14, and there is no way to incubate better animals through smart contract errors. Currently, the official Telegram has been banned.

Degen Zoo is suspected of being attacked by hackers, and the official has suspended the game launch investigation

The world of blockchain technology and digital assets has been marred with the intermittent issue of hacking and cyber theft. On April 2nd, 2021, the DAO Maker project Degen Zoo experienced a suspected hacking incident on Binance Oracle. This article will discuss the recent hacking incident involving Degen Zoo, the investigation launched, and the current state of the project.

Background

DAO Maker is a community-led project with a mission to create user-friendly blockchain solutions. Degen Zoo is one of the projects under the DAO Maker ecosystem that allows users to purchase and breed digital animals, known as degens.

The Hack

The recent hacking incident involving Degen Zoo has raised concerns among investors and the blockchain community at large. According to the official Telegram announcement by the DAO Maker team, the project was suspected to have been hacked on Binance Oracle on April 2nd. The project team suspended the game and launched an investigation into the hack.

Investigation and Findings

The DAO Maker team has provided updates on their official Telegram channel, stating that no vulnerabilities have been discovered as of April 14th. The team claims that there is no way to incubate better animals through smart contract errors. The team is continuing to investigate the incident in collaboration with Binance Oracle to identify and address the root cause of the hack.

Community Response

The hacking incident involving Degen Zoo has elicited mixed reactions from the community. Investors who had put their faith in the project have expressed their disappointment and mistrust of the project. However, some members of the community have expressed support for the project team’s quick response and investigation.

Current Status of Degen Zoo

Currently, the Degen Zoo game remains suspended as the project team continues to investigate the incident. The official Telegram channel has been banned by Telegram, making it challenging for the community members to obtain up-to-date information on the progress of the investigation.

Conclusion

The recent hacking incident involving Degen Zoo is a stark reminder of the risks associated with investing in digital assets and blockchain technology. The DAO Maker team has taken swift action to suspend the game and launch an investigation into the suspected hack. The community eagerly awaits the outcome of the investigation.

FAQs

1. Will Degen Zoo be relaunched, and when?
Ans: The relaunch of Degen Zoo is dependent on the outcome of the investigation by the DAO Maker team.
2. Are investors likely to be compensated for their losses?
Ans: There is no official statement on whether investors affected by the hack will be compensated.
3. Is there a way to prevent future hacking incidents involving DAO Maker projects?
Ans: The DAO Maker team is committed to identifying the root cause of the hack and implementing measures to prevent similar incidents in the future.

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