ChainCatcher reports that the decentralized anonymous lottery protocol Foom Cash lost approximately $2.26 million in a security breach, but white-hat hackers intervened in time to recover $1.84 million (about 81% of the stolen funds).
The security incident was caused by a critical error during Foom Cash’s deployment, specifically related to a Groth16 verifier configuration issue, which allowed attackers to submit forged proofs to the protocol. A white-hat hacker named Duha identified the vulnerability and quickly protected the funds on the Base chain, while security firm Decurity handled the rescue of funds on Ethereum. In return, Foom Cash paid the white-hat hacker a bounty of $320,000 and paid Decurity $100,000 in security fees.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH up 0.80% in 15 minutes: On-chain capital inflows and derivatives long sentiment resonance drive gains
2026-03-15 20:30 to 2026-03-15 20:45 (UTC), ETH price achieved +0.80% returns within 15 minutes, with price range from 2114.2 to 2138.98 USDT, reaching an amplitude of 1.17%. During the same period, market attention increased significantly, with trading volume and on-chain activity data growing in sync, as heightened short-term volatility drew investor focus.
The main driving force behind this price movement is reflected in fund structure and trading behavior. First, on-chain data showed multiple large-scale ETH transfers, driving both spot and derivatives market momentum.
GateNews55m ago
ETH breaks through $2100, intraday gain of 0.62%
Gate News, as of March 15, ETH broke through $2,100, with a daily gain of 0.62%.
GateNews3h ago
