White hat hacker recovers $1.84M of $2.26M stolen from decentralized lottery Foom Cash
A white hat hacker discovered a critical flaw in the decentralized lottery protocol Foom Cash, which had suffered a $2.26 million exploit, and managed to recover $1.84 million of the stolen funds. The hacker froze part of the assets on the Base network and received a $320,000 reward for the intervention.
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The vulnerability stemmed from a missing "shuffling" step in the submission process, which allowed the specialist to forge data and declare themselves the lottery winner. This highlights the critical importance of thoroughly auditing blockchain protocols before deployment.
This incident is likely to increase the community’s focus on cybersecurity in decentralized finance products and encourage stronger protective measures moving forward.
