Ghost Heist in Blockchain: $1M Spectral Vanish Act!

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Alas, the USPD stablecoin protocol has been besmirched by a sophisticated CPIMP attack, resulting in an audacious disappearance of $1M. With the deftness of a master thief, during deployment, our hacker pilfered control and then, whimsically, faded into the ether for months, systematically confiscating the pot.

An audacious exploit, as confirmed by the USPD protocol, saw the creation of 98 million USPD tokens. Meanwhile, a modest 232 stETH was, rather indelicately, purloined from liquidity pools.

According to the USPD, presently regaling us on X, users would do well to forgo further purchases of the USPD at once. A security alert has been issued merely 20 hours ago; all approvals are to be annulled forthwith.

USPD Attack

Source: USPD on X

A Deft Millipede Marchs Unseen Since September

This was not a matter of code vulnerability, as one might suspect. USPD, audited with the fanfare one might muster for such events by Nethermind and Resonance, was found in a state of immaculate smart contract logic unbeknownst to the evil at play.

Indeed, the exploiters deployed a CPIMP attack strategy – a rather wry abbreviation of Clandestine Proxy in the Middle of Proxy. In the mundane occurrences of September 16th, the Multicall3 transaction was gamed by our hacker, who, before deployment scripts were fully sung, deftly appropriated admin rights. Consequently, a shadow implementation cheekily interfaced with the authenticated code.

Etherscan, Deceived by A Midsummer Night’s Zealotry

The very presence of our phantom adversary was meticulously concealed through event payload manipulation, with storage slot spoofery outwitting even the watchful eyes of Etherscan verification. The site, lacking in skepticism, lauded audited contracts as ongoing implementations.

This deception seduced every verification tool much as USPD_io confessed on X. Security examinations of a manual sort unearthed no irregularities; the cunning agent had been lurking in enlightening plain view for months. How scandalous!

Proxy updates were yesterday accessible by a sequence of concealed machinations. The uninhibited minting of coins struck the world anew with tokens, a process followed by the delicate process of liquidity drainage.

Perchance you may delight in: Crypto Conspiracies: Comrades from the North Marry EtherHiding in Theft

Constables and CEXs Retracing Stolen Galleons

USPD officials have, with the aplomb of a detective on a good day, pinpointed the addresses of the malefactors and alerted significant exchanges-both centralized and decentralized. Henceforth, monitoring of fund flows is operational on many a platform.

For investigative interest, the Infector wallet is pinned at 0x7C97313f349608f59A07C23b18Ce523A33219d83, with the Drainer address at 0x083379BDAC3E138cb0C7210e0282fbC466A3215A.

The troupe has proffered a whitehat resolution route. Should the culprits choose to return 90 percent of the booty, persecution evaporates. Upon recovery, law enforcers will miss the chase.

Assurances are offered from USPD officials of an imminent technical post-mortem. Community transparency is maintained, akin to a desultory public apology. Salvage operations are proceeding in tandem with immeasurable security organizations.

Here we find ourselves aghast as such novel agencies of attack test our collective chastity of security. This advanced manoeuvre humbled the even most formidable of audits. An industry-wide implication is now the talk of the great unwashed. (One can but ponder…)

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2025-12-06 13:41