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Investigating the Recent Hacking Incident: FTX Bankruptcy and WiseToken Exploits

In the constantly evolving world of cryptocurrency, security risks and hacking incidents are unfortunately not uncommon. Recently, the crypto community has been rocked by a series of events involving FTX Bankruptcy and the WiseToken exploit. In this investigative report, we will delve into the details of these incidents and shed light on what transpired.

FTX Bankruptcy and the Exploited Address:

PeckShield, a prominent security firm, raised an alarm regarding an address linked to the FTX Bankruptcy case. The alert highlighted that this particular address had staked a significant amount of Ethereum (ETH), totaling 4,416 ETH, which amounts to a value of $6.85 million at the time of writing.

The address in question is associated with Figment, a reputable blockchain infrastructure provider. This raises concerns about the potential vulnerability of an established platform like Figment, which is known for its focus on security and reliability. Figment is yet to release an official statement regarding the incident.

MEV Bot Frontrun in the WiseToken Exploit:

The investigation also revealed the involvement of a known MEV (Miner Extractable Value) bot operated by @c0ffeebabe.eth in a frontrunning transaction exploiting WiseToken. The bot’s manipulative transaction included a bribe of 93.4 ETH, valued at $146.9k, and managed to secure its own income of 75.79 ETH, equivalent to $118k.

Surprisingly, the bot subsequently returned the entirety of its income to WiseToken, which then rewarded the bot with 1 ETH. The nature of this transaction, with its intricate interplay of bribes and manipulative tactics, raises questions about the integrity and security of WiseToken’s platform.

Links to the Transactions:

For those interested in scrutinizing the details of these incidents further, the relevant transactions have been made publicly available:

Successful Frontrun Transaction: [Link to Etherscan Transaction](https://etherscan.io/tx/0x7ac4a98599596adbf12fffa2bd23e2a2d2ac7e8989b6ea043fcc412a29126555)

Failed WiseToken-Exploiting Transaction: [Link to Etherscan Transaction](https://etherscan.io/tx/0x10620efb40ec9c495fafe79c56891906debd62fa4d7a5baacdefe351c663a2f2)

The recent hacking incidents involving FTX Bankruptcy and WiseToken’s platform demonstrate the ongoing challenges faced by the crypto community. Despite the efforts made by security firms and blockchain providers to maintain secure platforms, instances of exploitation and vulnerability persist.

It is essential for both users and platforms operating in the crypto space to remain vigilant and take necessary precautions to minimize their exposure to such risks. As these incidents are investigated further, it is hoped that lessons will be learned, and improvements will be made to enhance the security and stability of the crypto ecosystem.

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