GERA token’s security has been compromised
2022-09-07 • Gera Coin •
https://web.archive.org/web/20221006170445/https://twitter.com/GeraCoin/status/1567538962410995713
GERA reported that its token security was compromised after a private key leak allowed attackers to transfer ownership of the token smart contract deployer to another address. The attackers created two additional smart contracts, minted 2,179,340,915.1246 GERA on Ethereum, sent 110,000,000 ERC20 GERA to decentralized exchanges, and minted 275,900,000 GERA on Binance with 80,543,200 BEP20 GERA sent out. The source says the attackers dumped GERA on decentralized exchanges and transferred tokens to centralized exchanges, prompting the project to contact exchanges to suspend trading, deposits, and withdrawals. The incident matters because compromise of a deployer key enabled unauthorized token minting across multiple chains and forced a planned token replacement and swap process.