Tales of Elleria Project Hacked: $270,000 Worth of ELM Tokens Stolen

According to reports, according to blockchain security audit company Beosin, an attack occurred on the Tales of Elleria project today, where hackers exploited the vulnerability to issue an additional $270000 worth of 5 billion ELM tokens. The attacker’s address is 0xf2cbf39e7668ebb113f2c609bbd6ea1dfce5d376. Beosin reminds users not to purchase this token and to pay attention to security precautions.

The Tales of Elleria project has been attacked, and hackers have issued approximately $270000 in additional tokens

As blockchain technology continues to gain popularity, more and more people are investing in cryptocurrency projects. Unfortunately, this also means that hackers are finding new ways to exploit vulnerabilities and steal digital assets. Recently, the Tales of Elleria project fell victim to a security breach, allowing attackers to steal $270,000 worth of ELM tokens. Here, we’ll take a closer look at what happened and what users can do to stay safe.

What is the Tales of Elleria Project?

Tales of Elleria is a blockchain-based, fantasy-themed game project that allows users to buy and trade in-game items using ELM tokens. The project has gained a lot of attention in the gaming community, with its early access version garnering positive reviews.

What Happened?

According to reports, the cybersecurity firm Beosin detected an attack on the Tales of Elleria project on June 14, 2021. During the attack, hackers exploited a vulnerability in the project’s code to issue an additional $270,000 worth of 5 billion ELM tokens. The attacker’s address was traced to 0xf2cbf39e7668ebb113f2c609bbd6ea1dfce5d376.

What Do Users Need to Know?

If you use the Tales of Elleria platform, it’s important to take action to protect your assets. Beosin has advised users not to purchase ELM tokens and to be cautious about security. Here are a few steps you can take to keep your digital assets safe:

1. Check Your Accounts

If you have a Tales of Elleria account or hold ELM tokens, you should immediately check your account and transaction history to make sure you haven’t been affected by the hack. Check to see if any unauthorized transactions have occurred and report them to the platform immediately.

2. Update Your Security Measures

If you’re using weak passwords or haven’t enabled two-factor authentication (2FA) on your accounts, now is the time to do so. Use strong, unique passwords for each account and enable 2FA wherever possible. Consider using a password manager to make it easier to manage your login credentials.

3. Keep Up with News and Updates

Stay informed about any news and updates related to the Tales of Elleria project. Keep an eye out for announcements from the project team or security experts, as they may issue recommendations or updates to help users stay safe.

Conclusion

The Tales of Elleria hack is a reminder that no platform is completely immune to cyber attacks. However, by taking steps to protect your assets and staying informed about developments, you can reduce your risk of falling victim to hacks and scams.
If you have any further questions or concerns about the hack, you can contact the project team or cybersecurity experts for more information.

FAQs

Q: What is Tales of Elleria?

A: Tales of Elleria is a blockchain-based, fantasy-themed game project that allows users to buy and trade in-game items using ELM tokens.

Q: What happened in the recent security breach?

A: Hackers exploited a vulnerability in the Tales of Elleria project’s code to issue an additional $270,000 worth of 5 billion ELM tokens.

Q: How can I protect my digital assets?

A: You can protect your assets by checking your accounts for unauthorized activity, updating your security measures, and staying informed about news and updates related to the project. Use strong, unique passwords and enable 2FA wherever possible.