Unleash Protocol Hit by $3.9 Million Exploit with Funds Routed Through Mixing Service

Source: CryptoNewsNet Original Title: Unleash Protocol hit by $3.9 million exploit with funds routed through Tornado Cash Original Link: https://cryptonews.net/news/security/32205667/ Unleash Protocol, an intellectual property finance platform built on the Story ecosystem, lost about $3.9 million in a security breach, according to blockchain security firm PeckShield.

The attacker bridged the stolen assets to Ethereum and deposited 1,337.1 ether into a mixing service, a crypto tool commonly used to obscure transaction histories.

Unleash had reported the breach earlier, without initially disclosing the amount.

“Earlier today, we detected unauthorized activity involving Unleash Protocol smart contracts, which led to the withdrawal and transfer of user funds,” the platform said. “Our initial investigation indicates that an externally owned address gained administrative control through Unleash’s multisignature governance system, enabling an unauthorized contract upgrade that allowed asset withdrawals outside approved governance procedures.”