Saturday, September 23, 2023

Axie Infinity’s MEE6 Bot Hacked


The MEE6 bot on Axie Infinity’s Main server was hacked on Wednesday, according to a recent report.

The hackers used the MEE6 bot to get access to a fictitious Jiho account and send out false mint announcements. MEE6 is a Discord bot that allows administrators to give and revoke duties as well as send messages automatically.

Speculations on the Hack

Some believe the hackers got their hands on the administrator accounts first. MEE6 then utilized to gain access to another administrator account. They were able to send webbook messages while hiding a compromised administrator account by hacking the Mee6 Bot.

Axie Infinity is a popular non-fungible token (NFT) casino game. It’s a blockchain-based game in which participants purchase NFTs of appealing animals before fighting them. Players can earn SLP tokens during games, which they can then convert for cash through an exchange. Such a hit would be damaging, if not crippling, to the business.

Users Upset about the Mee6 Bot Compromise

Although the announcements have remove, some users may continue to see the message until they restart Discord. Major announcements made concurrently on Twitter, Discord, Substack, and Facebook, according to the Axie Team. This was not an Axie-specific issue; it occurred on many servers that had the Mee6 bot installed.

Investors may have begun to lose faith in Axie Infinity despite the team’s frequent assurances. This is because the Discord bot hack happened just over a month after one of Axie Infinity’s biggest Ronin bridge thefts. Over $600 million in crypto assets lost as a result of this. A slew of security breaches has harmed the community’s faith in the game, which was once hailed as a game-changer.

NFT Discord Hacks on the Rise

When it comes to crypto hacks, the scenario is usually the same. Scammers steal millions of dollars by exploiting a weakness in the blockchain’s design.

The rising social media cyber danger combined with crypto-based crime hit an all-time high last year, according to Chainalysis’ 2022 Crypto Crime Report. In 2018, illegal digital wallets received $14 billion, an increase of 80% over 2020. Companies like cryptocurrency and internet behemoths can’t afford to ignore that cost. It also puts them under even more pressure to improve security and safety.

A $3 million breach of Non Fungible currency from the popular Bored Ape Yacht Club universe recently exploited to attack a new form of blockchain problem.

Scammers gained access to the NFT collection’s official Instagram account. It posted a link to a bogus website where users could join their crypto wallets in preparation for an alleged NFT launch. They had placed themselves exposed to theft without even realizing it. On the day of the official debut, users were once again targeted by scammers who posted links to fake websites. They took $6.2 million worth of NFTs from them.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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