In a recent announcement, AirDAO disclosed the unauthorized acquisition of 35.2 million AMB tokens and 125.51 Ethereum from their AMB/ETH Uniswap pool. Despite efforts by PeckShieldAlert to track the stolen assets, the perpetrator is actively utilizing the pilfered funds. This breach has occurred amidst a period of market recuperation following a recent downturn.

AirDAO Exposes Hacker's Actions

AirDAO provided insights into the theft from the AMB/ETH Uniswap pool, where the intruder exploited vulnerabilities to access the liquidity pool. The malefactor employed a social engineering tactic, sending deceptive emails with malicious attachments under the guise of a trusted AirDAO partner.

The hacker's wallet address, identified as 0xFD1754f6Cb9DA53c6F26E3E2eE3DE875CC11C7AA, was disclosed by AirDAO. The team is actively collaborating with exchanges and relevant authorities to pinpoint the hacker's identity and has initiated procedures to recover the misappropriated assets. Efforts are underway to trace and freeze the funds transferred by the hacker to various exchanges.

AirDAO had proposed a white hat hacking reward equivalent to 10% of the stolen amount for prompt return by the perpetrator. In case of non-compliance, legal action may be pursued by the team.

Impact and Recovery Measures

The incident is characterized as an isolated event affecting the liquidity pool exclusively, with no repercussions on user funds within the AirDAO ecosystem or affiliated exchanges. The security of AirDAO's multisig remains uncompromised despite the breach.

AirDAO reassured its community that additional liquidity would swiftly replenish the Uniswap LP to mitigate any adverse effects of the theft. They affirmed that the situation was under control and pledged to provide regular updates on the investigation's progress.

PeckShieldAlert reported a discrepancy in figures, stating that AirDAO incurred losses of 126.5 Ethereum and 41.61 AMB tokens due to the hack. The hacker has reportedly transferred the illicitly obtained assets to exchanges such as MEXC, ChangeNOW, and KuCoin.

Despite this security breach, AirDAO's price has surged by approximately 7% in the past 24 hours, trading at an average price of $0.0121 at present. Conversely, Ethereum's value has risen by 11% over the same period, with ETH trading at an average price of $3,535 currently.