Techub News reported that Realio Network was hit by a security exploit on Aug. 25, with hackers stealing about 124.4 million RIO tokens from wallets controlled by the platform. The attacker used a signing-function flaw in the realio.fund interface and moved assets across Ethereum, BNB Chain, Algorand, Stellar and Realio’s native chain. Realio said it has paused the native chain and web app access, while MEXC and KuCoin have suspended RIO deposits. The project also said it is working on a compensation plan, though no details have been released.
Realio Network reports a security exploit
Techub News reported that Realio Network was hit by a security exploit on Aug. 25. Hackers stole about 124.4 million RIO tokens from wallets controlled by the platform.
According to the report, the attacker used a flaw in the signing function of the realio.fund interface and moved assets across five networks: Ethereum, BNB Chain, Algorand, Stellar and Realio’s native chain.
Where the stolen tokens came from
Realio Network said the attacker took about 10.7 million RIO from 2,374 user accounts. Another 113.7 million RIO came from the treasury reserve.
The project has paused operation of its native chain and access to its web app. Its team said it is investigating the incident and tracking the stolen funds.
MEXC and KuCoin have suspended RIO deposits. Realio said it is preparing a compensation plan, but no details have been disclosed.
The report cited cryptobriefing.com.
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