- PeckShield warns users about the risks of staking APE tokens in NFT pools.
- The exploiter received 14.3k staked APE after buying a Bored Ape Yacht Club NFT.
- BlockSec blocked an attack transaction and rescued $180k Ether.
PeckShield, a blockchain security company, has issued a warning to users staking APE tokens in NFT pools after an exploiter bought a Bored Ape Yacht Club (BAYC) NFT and received staked APE associated with the sold NFT.
Staking is a popular way for users to earn rewards by locking up their crypto assets in smart contracts. However, in the case of staking APE in NFT pools, there is a risk that the staked tokens can be lost if the associated NFT is sold, according to the security warning.
Jared Grey, the head chef at Sushi Swap, acknowledged the issue and said the protocol collaborated with security specialists to minimize the intrusion. A smart contract audit company stated that it had stopped an assault transaction, saving 100 ETH, equivalent to over $180,000, and urged the impacted SushiSwap contract to seek compensation.
The post APE Token Staking in NFT Pools Puts Investors at Risk, Says PeckShield appeared first on Coin Edition.
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