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Reading: BlockSec: Two Cross-Chain Contracts Hacked, Loss Exceeds $17 Million, Attacker Exploits Authorization Vulnerability to Transfer Assets – Lookonchain – Looking for smartmoney onchain
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Ethereum

BlockSec: Two Cross-Chain Contracts Hacked, Loss Exceeds $17 Million, Attacker Exploits Authorization Vulnerability to Transfer Assets – Lookonchain – Looking for smartmoney onchain

Last updated: January 26, 2026 11:00 am
Published: 3 months ago
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On January 26, BlockSec Phalcon reported that it identified a series of suspicious transactions earlier today targeting contracts deployed by two distinct creators across Ethereum, Arbitrum, Base, and BSC — with total losses exceeding $17 million. The compromised contracts are not open-source and appear to support arbitrary call functionality. The attacker exploited pre-existing token allowances to transfer and drain the contracts’ assets by executing transferFrom operations. Affected contract deployers include: – 0xbeef63AE5a2102506e8a352a5bB32aA8B30B3112 (roughly $3.67 million in losses) – 0x9cb8d9BaE84830b7f5F11ee5048c04a80b8514BA (approx $13.41 million in losses)

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