Over 140 ETH Stolen in Elleria Arbitrum Bridge Attack

Elleria Arbitrum Bridge Compromised, Hackers Steal 140+ ETH

In another unfortunate incident for the DeFi space, the popular web3 game Tales of Elleria has fallen victim to a hack resulting in the theft of over 140 ETH, worth approximately $273,000.

The game’s team confirmed the attack, which occurred on April 19, and identified the exploit as targeting the Arbitrum bridge contract.

The hacker exploited the contract to mint 5 billion ELM tokens and drain the LP, leading to a significant decline in the ELLERIUM (ELM) token’s value.

The team has suspended all deposits and withdrawals and has urged players not to buy the ELM token until further notice.

🚨 ALERT 🚨
Our bridge contract had just been exploited by a user who minted 5,000,000,000 $ELM and proceeded to drain the LP.

**PLEASE DO NOT BUY ANY $ELM**. A snapshot has been taken to airdrop users their $ELM accordingly before the exploit happened.
— Tales of Elleria (@TalesofElleria) April 19, 2023

Tales of Elleria is a browser-based role-playing game that allows players to participate in quests and earn rewards in the form of NFTs.

It appears that the hacker generated a unique signature to withdraw an “obscene amount” of ELM tokens and split the stolen funds across four transactions.

TagsCrypto Ethereum

Sophia Hernandez

Sophia Hernandez is an experienced crypto writer who has been writing about cryptocurrencies and blockchain technology for several years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.