{"id":219711,"date":"2021-04-06T00:30:00","date_gmt":"2021-04-05T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/force-token-sees-volatile-24-hours-following-coordinated-attack-on-forcedao\/"},"modified":"2021-04-06T00:30:00","modified_gmt":"2021-04-05T21:30:00","slug":"force-token-sees-volatile-24-hours-following-coordinated-attack-on-forcedao","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/force-token-sees-volatile-24-hours-following-coordinated-attack-on-forcedao\/","title":{"rendered":"# FORCE token sees volatile 24 hours following coordinated attack on ForceDAO"},"content":{"rendered":"<p>&#8220;<strong># FORCE token sees volatile 24 hours following coordinated attack on ForceDAO   <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMTUxYWM3MjktMWQxMS00MWE1LWFlNWYtNGQ0OGZjMDY2ZDJkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO\u2019s native FORCE token was in recovery mode on Monday, c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing off a highly volatile 24 hours for the newly launched project.\u00a0<\/p>\n<p>ForceDAO detailed the Sunday exploit in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/force_dao\/status\/1378764434026287104\">series<\/a> of tweets, taking ownership of the \u201cengineering oversight\u201d that resulted in the attack, which centered around the platform\u2019s xFORCE contract.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">POST-MORTEM<\/p>\n<p>To the Force and DeFi community, we&#8217;d like to share a post-mortem on the recent xFORCE exploit.<\/p>\n<p>Thanks to everyone technical and non-technical who helped along the way.<\/p>\n<p>Especially to the White Hat who helped deter FORCE getting drained.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/MK2GH69yLd\">https:\/\/t.co\/MK2GH69yLd<\/a><\/p>\n<p>\u2014 Force (@force_dao) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/force_dao\/status\/1378764434026287104?ref_src=twsrc%5Etfw\">April 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In a follow-up blog post, Alberto Cevallos <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.forcedao.com\/xforce-exploit-post-mortem-7fa9dcba2ac3\">explained<\/a>:<\/p>\n<blockquote><p>\u201cThe exploiters were able to deposit FORCE tokens that would fail the transfer [f]rom call and receive xFORCE tokens, as the xFORCE contract expects a revert from the token but instead receives false.\u201d<\/p><\/blockquote>\n<p>He continued:<\/p>\n<blockquote><p>\u201cA user could then withdraw these newly minted xFORCE tokens for the remaining FORCE tokens in the vault, and liquidate them for ETH on exchanges.\u201d<\/p><\/blockquote>\n<p>An additional 14.8 million FORCE tokens were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/tx\/0xfda56d853714860e79512791d065a626e5102d52934c769e981619daf3c85f33\">compromised<\/a> in the initial attack, though they\u2019ve since been returned to the pool. <\/p>\n<p>Often described as a quantitative hedge fund, Force is both a protocol and decentralized autonomous organization, or DAO, that\u2019s designed to produce higher-yielding DeFi opportunities for its community. <\/p>\n<p>The FORCE token collapsed more than 99% on Sunday, from $2.21 to a low of just 2 cents, according to CoinGecko. The token has since recovered 173% in the last 24 hours.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/force-token-sees-volatile-24-hours-following-coordinated-attack-on-forcedao\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# FORCE token sees volatile 24 hours following coordinated attack on ForceDAO &#8221; Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO\u2019s native FORCE token was in recovery mode on Monday, capping off a highly&#8230;<\/p>\n","protected":false},"author":1,"featured_media":219712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMTUxYWM3MjktMWQxMS00MWE1LWFlNWYtNGQ0OGZjMDY2ZDJkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74868,74882,70944],"class_list":["post-219711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-defi","tag-hacks","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/219711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=219711"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/219711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/219712"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=219711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=219711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=219711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}