Cyvers in the News

WOOFi launches 10% whitehat bounty following $8.5m exploit of its Arbitrum contact

‍WOOFi’s smart contract for swapping tokens on Arbitrum WooPPV2 suffered an exploit, resulting in a loss of $8.5 million worth of crypto, ^{according to Cyvers Alerts.} Analysts revealed in an X post on Mar. 6 that the hacker funded its operation through a Tornado Cash-related address in Ethereum (ETH) to cover transactional costs.

AI Crypto Project Pulls Exit Scam, Stealing $665,000

‍The project, gathering funds over one month, raised 173 ETH, equivalent to $665,000, before its sudden disappearance.

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Ostensibly designed to bridge the technological gap between AI’s computational abilities and the nuances of human input, ^{Cyvers, a Web3 security platform, has flagged Humanized AI as a fraudulent scheme.}

^{‍Cyvers meticulously documented the transfer of the raised funds,} distributing the HMZ tokens on decentralized finance (DeFi) platforms before moving them to a specific address.

‍“They have collected approximately 173 ETH, $665,000, during a one-month sale. The HMZ token was sold on defi platforms and transferred… Furthermore, the 665,000 USD has been deposited to the eXch exchange,”^{Cyvers confirmed.}

Beware Of New Crypto Tokens Amid This Bull Run: HMZ Token Scam

‍On 7 March 2024, ^{Crypto security platform Cyvers reported that an artificial intelligence (AI) focussed new crypto project HumanizedAI ($HMZ) scammed crypto investors.}

The fund deployer crypto address moved 173 ETH to a crypto exchange.