“On 6th of October, 2021 Wanda Exchange’s highly esteemed token launch project faced hacking attempt from a highly professional hackers’ group. Wanda’s stellar IT team was able to defend all of the attacks preventing any major harm, except a little breach.”
One of the most common practices when it comes to IT is the reuse of existing software (if the license allows it). This is done to make the research and development phase a bit smoother, though it makes the system vulnerable but also provides ease of functionality, and it is fair to use it for minor purposes.
A software was being used for multi-account transfers for purposes like air-drop distributions. And this smart contract (the one attacked) was based on a recognizable API from a software provider that has been used on several other projects too. This was the point of breach that the perpetrators used for their cracking purposes but failed miserably causing negligible damage except from our passive contracts that held just the locked WE imposing zero damage to us.
Our IT Team was able to defend the majority of the attacks preventing any major damage. The hackers were able to reach the contracts containing the locked WE that were locked for different time periodsHence they attained zero value through it!
Hacker attacks may sound bad, but to us, they didn’t because to us it meant they were really interested in our project and wanted to go through our smart contracts. This adds up to the fact that WE is not just any other ordinary project it contains some intrinsic value that makes it unique and valuable.
However, the most important fact to carry away from here is that the main contacts that protect WE were able to defend 100% of the attacks and are completely secure preventing any kind of damage. This further ensures that WE implement the highest standard of cyber-security measures and is always committed to abiding by the trust that our investors have put in us. Adding up to all of this we will like to add that our main contracts were rated 100% error-free by independent auditors in their audits, which makes us one of the most trusted projects when it comes to cyber-security.
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