Someone discovers a security vulnerability in BlockFi and exploits it by collecting more than a million dollars in Ethereum in one day!
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Answer Someone discovers a security vulnerability in BlockFi and exploits it by collecting more than a million dollars in Ethereum in one day!
An unidentified man said he exploited a flaw in crypto lending platform BlockFi to accumulate millions of dollars in Ethereum.
The man with the alias “Zombieslayer970” said he became a millionaire for a day after discovering a bug in the “BlockFi” program.
The new Reddit millionaire said he was able to send himself the same Ethereum (ETH) “multiple times” and accumulated more than 10,050 ETH, worth $1,445,907 through a BlockFi vulnerability.
While sending ETH over and over to his “BlockFi” wallet, he was sending him ETH without leaving his wallet.
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Zombieslayer970 said:
I was able to send Ethereum over and over and BlockFi would deposit the funds upon confirmation of the transaction, even though Ethereum never left my original wallet because there was not enough gas to complete the transaction.
After sending about $1.5 million in Ethereum, he tried to withdraw a small portion to confirm the transaction, but the withdrawal process expired after a few days.
Zombieslayer970 claimed to have spoken with some BlockFi representatives and got his crypto back, but his account on the crypto lending platform was closed.
Zombieslayer970 said he was banned from using the platform because of what he did.
Where he tried to take a loan against his balance and was directed to the registration page, indicating that he was blocked by the company, to explain by saying:
I am not sure if I will be able to complete the loan, or if I have left it and I do not know if I will be able to earn interest on my balance
He also explained that he was saddened to have withdrawn from the platform after discovering an error in the “BlockFi” program. BlockFi also told him that the action was a scam.
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Zombieslayer970 stated:
I should have received a reward, not a ban
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Zack Prince, founder and CEO of BlockFi, interacted and stated that the issue revolved around a simple error in the user interface of “BlockFi”, and added:
It was a minor bug in our UI and less than 20 accounts were affected, the bug was fixed last week and no money was affected.
Then it was found that users who tried to withdraw funds that were not actually deposited got their accounts banned on the “BlockFi” platform.
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