What is the Definition of On-Chain Forensics?

On-chain forensics is the practice of examining transaction records and other data directly on a blockchain to investigate illicit activities or trace asset flows. This process involves analyzing transaction histories, wallet associations, and smart contract interactions to reconstruct events. It is a critical tool for law enforcement and security professionals in the digital asset space.

What is the Context of On-Chain Forensics?

The application of on-chain forensics is increasingly prominent in news reports concerning cryptocurrency-related fraud, money laundering, and asset recovery efforts. Discussions often highlight the challenges and successes of tracing funds through complex transaction networks and the collaboration between forensic analysts and regulatory bodies. The development of sophisticated analytical tools and techniques is continuously shaping the effectiveness of these investigations.

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∞Risk Mitigation

∞Access Control

∞Wallet Compromise

UXLINK Multi-Signature Wallet Compromised via Delegate Call Vulnerability

A critical delegate call flaw in UXLINK's multi-sig wallet granted unauthorized administrative control, enabling significant asset exfiltration.

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∞DeFi Security

∞Transfers

∞Risk Mitigation

UXLINK Multi-Signature Wallet Compromised via DelegateCall Vulnerability

A delegateCall vulnerability in a multi-signature wallet enabled unauthorized administrative control, leading to significant asset drain and token inflation.

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∞Market Manipulation

∞On-Chain Forensics

∞Financial Fraud

Mango Markets Manipulated for $110 Million in Collateral-Based Exploit

A sophisticated price oracle manipulation allowed an attacker to illicitly inflate asset values, enabling the unauthorized borrowing of significant protocol funds.

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∞Token Minting

∞Delegate Call

∞Security Audit

UXLINK Multi-Signature Wallet Compromised via Delegate Call Exploit

A delegate call vulnerability in multi-signature wallet logic enabled unauthorized admin access, leading to asset drain and token inflation.

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∞Phishing Scheme

∞On-Chain Forensics

∞Smart Contract

UXLINK Multi-Signature Wallet Exploited, $11.3 Million Drained, Tokens Minted

A `delegateCall` vulnerability in a multi-signature wallet enabled unauthorized token minting and asset draining, posing a critical risk to protocol integrity.

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∞Arbitrum

∞Market

∞DeFi Exploit

UXLINK Multi-Signature Wallet Compromised, Billions of Tokens Minted

A delegate call vulnerability in UXLINK's multi-signature wallet granted administrative control, enabling unauthorized token minting and significant financial loss.

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∞Tokens

∞Token Minting

∞Admin Access

UXLINK Multi-Signature Wallet Compromised, $11.3 Million Drained via DelegateCall

A critical delegateCall vulnerability in UXLINK's multi-signature wallet allowed an attacker to seize administrative control, enabling unauthorized fund transfers and token minting.

∞Arbitrum

∞On-Chain Forensics

∞Phishing Attack

UXLINK Multi-Signature Wallet Compromised, $11.3 Million Drained

A delegate call vulnerability in UXLINK's multi-signature wallet granted an attacker administrative control, enabling unauthorized asset transfers and unlimited token minting.

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∞Smart Contract

∞Price Manipulation

∞Token Minting

UXLINK Multi-Signature Wallet Compromised via DelegateCall Exploit

A delegateCall vulnerability in UXLINK's multi-signature wallet allowed attackers to seize control, mint tokens, and drain $11.3 million in assets, highlighting critical governance and key management flaws.

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∞Collateral

∞Collateral Bypass

∞Contract

Resupply Lending Protocol Exploited via ERC4626 Vault Exchange Rate Manipulation

A critical flaw in a newly deployed ERC4626 vault's exchange rate calculation allowed an attacker to drain $9.8 million by manipulating perceived collateral value.

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∞Base Network

∞Arbitrary Call

∞Vulnerability

Arcadia Finance Rebalancer Exploited on Base, $3.5 Million Drained

A critical validation flaw in Arcadia Finance's Rebalancer contract enabled an attacker to hijack asset management, leading to a multi-million dollar fund drain.

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∞DeFi Exploit

∞BNB Chain

∞Token Price

New Gold Protocol Drained $1.9 Million via Price Oracle Manipulation

A flash loan exploit leveraged a single-source price oracle, allowing an attacker to manipulate token value and drain assets.

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∞Transaction Simulation

∞Wallet Compromise

∞Ethereum Security

Ethereum Wallets Compromised by EIP-7702 Delegator Contract Exploits

EIP-7702's delegator function enables sophisticated phishing, allowing attackers to bypass critical on-chain checks and drain user funds.

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∞On-Chain Forensics

∞Cross-Chain Risk

∞Digital Asset Theft

Shibarium Bridge Suffers Validator Compromise, over $4 Million Drained

The exploitation of a majority of Shibarium's validator keys underscores critical vulnerabilities in consensus mechanisms and bridge security.

∞On-Chain Forensics

∞Cryptocurrency Theft

∞DeFi Security

UXLINK Multi-Signature Wallet Compromised, $11 Million Drained and Tokens Minted

A critical vulnerability in UXLINK's multi-signature wallet allowed attackers to seize control, drain assets, and mint new tokens, posing severe systemic risk to the protocol.

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∞Risk Mitigation

∞Layer-2 Solutions

∞Market Volatility

UXLINK Exploiter Phished, Loses $48 Million in Arbitrum Token Theft

Even sophisticated attackers are vulnerable to basic phishing, demonstrating persistent risk across the digital asset landscape.

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∞Network

∞Fund Loss

∞Compromise

UXLINK Exploiter Loses $48 Million to Sophisticated Phishing Attack

A malicious `increaseAllowance` signature allowed a phishing group to drain $48 million from a prior UXLINK exploiter, underscoring persistent social engineering risks.

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∞Financial Impact

∞Exchange Rate

∞Smart Contract

Bedrock uniBTC Suffers $2 Million Exploit via Faulty Minting Logic

A critical minting logic flaw allowed attackers to exploit disparate asset valuations, compromising Bedrock's uniBTC collateral.

∞Asset Drain

∞On-Chain Forensics

∞Token Minting

UXLINK Multi-Signature Wallet Compromised, $11.3 Million Drained in Exploit

A critical `delegateCall` exploit in UXLINK's multi-signature wallet enabled unauthorized administrative control, leading to an $11.3M asset drain.

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∞Exploit

∞Protocol

∞Asset Drain

Nemo Protocol Suffers $2.59 Million Exploit Due to Unaudited Code

A critical vulnerability stemming from unaudited code and single-signature deployment enabled a $2.59 million state manipulation attack on the Sui-based Nemo Protocol.

∞DeFi Exploit

∞Smart Contract

∞Flash Loan

Abracadabra Finance Suffers $13 Million Flash Loan Liquidation Exploit

A critical smart contract vulnerability in Abracadabra's lending cauldrons allowed flash loan manipulation, enabling unauthorized liquidation profit extraction.

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∞Digital Asset

∞Bridge Exploit

∞Cross-Chain Risk

Shibarium Bridge Compromised: Flash Loan Manipulates Validator Keys

A flash loan-enabled validator key compromise exposed critical L2 bridge vulnerabilities, enabling unauthorized asset exfiltration.

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∞Validator Compromise

∞Asset Security

∞On-Chain Forensics

Shibarium Bridge Compromised by Validator Key Manipulation via Flash Loan

A flash loan exploit manipulating governance token mechanics enabled attackers to seize validator control, exposing critical vulnerabilities in Layer 2 bridge security.

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∞DeFi Security

∞Risk Mitigation

∞Digital Asset

ALEX Protocol Suffers $16.18 Million Access Control Exploit

A critical access control flaw in ALEX Protocol's vault system allowed an attacker to bypass validation and drain $16.18 million in assets.

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∞Collateral Manipulation

∞On-Chain Forensics

∞Asset Loss

CrediX Finance Loses $4.5 Million to Compromised Multisig Admin Access

A critical lapse in multisig wallet security allowed unauthorized admin roles to mint fake collateral, exposing DeFi protocols to significant access control risks.

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∞Decentralized Finance

∞Asset Exfiltration

∞Flash Loan Attack

Shibarium Bridge Validators Compromised, $2.8 Million Drained in Exploit

A critical compromise of Shibarium bridge validator keys enabled malicious transactions, exposing the Layer 2 network to significant asset exfiltration.