Seneca Protocol, a digital asset protocol, has been compromised due to a critical approval exploit involving an open external call, leading to a loss exceeding $3 million across Ethereum and Arbitrum networks. Users are being urged to "Revoke approvals to them immediately" as an active exploit is in progress. The exploit was highlighted by multiple sources, including security teams and individuals who faced repercussions for attempting to warn others. Notably, one user was removed from Seneca's Discord for trying to alert others, and reports indicate that messages about the exploit are being actively deleted within the platform. Security firms SlowMist and Peckshield have confirmed the vulnerability and issued alerts to revoke approvals for specific addresses associated with Seneca, specifically ETH: 0xBC83F2711D0749D7454e4A9D53d8594DF0377c05 and ARB: 0x2d99E1116E73110B88C468189aa6AF8Bb4675ec9.
Seneca Protocol bug enables at least $3 million in stolen user funds February 28, 2024 https://t.co/FZZKuoVfks https://t.co/G8QAs8S6mA
BREAKING: SENECA USD $SEN HAS BEEN EXPLOITED FOR $3M PER CERTIK
Hi @SenecaUSD We have confirmed the critical approval bug in Seneca protocol that allows to steal funds from approving users. Please revoke your approvals from the following addresses: - eth: 0xbc83f2711d0749d7454e4a9d53d8594df0377c05 -arb:… https://t.co/cuOf9gobga https://t.co/bIG72A65Wl
🚨SlowMist Security Alert 🚨 Looks like @SenecaUSD is being exploited due to an open external call vulnerability, please revoke approvals for the following addresses ASAP!!! ETH: 0xBC83F2711D0749D7454e4A9D53d8594DF0377c05 ARB: 0x2d99E1116E73110B88C468189aa6AF8Bb4675ec9 https://t.co/GbmxLXTtdH
Here's the bug in Senaca's code that is getting users drained. Revoke approvals to them immediately. I've been kicked out of their Discord for trying to warn users, and they are actively deleting messages about this there. https://t.co/jxlyhhnOlW
Revoke ERC20 approvals to Senaca - active exploit in progress using an arbitrary external call. https://t.co/91TqYqL7Lt
Looks like Seneca Protocol has a critical approval exploit (open external call). $3m+ lost so far across eth/arb https://t.co/MkbNShtPUm