Cyvers Alerts, a blockchain security tool, has identified a suspicious transaction involving the 1ROR/WETH pool on the Ethereum network, pointing to a substantial loss of almost $780,000.
The crypto community is concerned about the occurrence because such significant, inexplicable movements sometimes indicate possible exploits, rug pulls, or hacked wallets.
Although the precise cause is still being looked at, Cyvers claims that the transaction showed red flags consistent with fraudulent behavior.
Such incidents highlight the need for real-time blockchain monitoring and the increasing demand for tools for on-chain threat identification.
At the press time, the 1R0R token is trading at $0.00464, down nearly 80%. The 1ROR cryptocurrency has a small market capitalization and little trading activity as of April 16, 2025.
The 1ROR/WETH pair was trading at about $0.02306 on Uniswap V3 earlier in the day, with a 24-hour trading volume of less than $10 and a liquidity pool of over $540,000.
How was The Attack Undertaken?
The deployment of the 1ROR/WETH liquidity pool on Ethereum with staking rewards attracted user participation, according to Cyvers Alerts.
However, a day prior to the attack, Cyvers’ monitoring system discovered a malicious contract. After making a modest “dust” deposit into the contract, the attacker took advantage of a flaw in the emergencyWithdraw() method.
Due to this vulnerability, the attacker was able to withdraw money from the pool, causing a loss of almost $780,000 in total.
In order to hide the transaction trace, the stolen money was swiftly converted to Ethereum and moved between several wallets following the hack.
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What Happened To The Lost Money?
Eventually, some of the money was transferred using Tornado Cash, a mixing service that is frequently used to make cryptocurrency holdings anonymous.
Interestingly, Tornado Cash was the original source of financing for the wallet used in the attack, indicating premeditation and an attempt to avoid traceability. The incident emphasizes the necessity of proactive threat identification as well as the continuous threats in DeFi.
Crypto World Sees Rise in Illicit Transactions
The increase in questionable transactions in the cryptocurrency space has raised concerns and resulted in large losses for both systems and investors.
The techniques employed by malicious actors to take advantage of flaws in smart contracts, liquidity pools, and wallet security are growing along with decentralized finance (DeFi).
The sophistication of contract exploits, phishing schemes, and rug pulls has increased, and they sometimes go unnoticed until money has been taken.
Even smaller, less well-known tokens are being targeted, as seen by a number of high-profile cases in recent months. To cover their tracks, attackers usually employ sophisticated strategies like automated bots and money laundering using privacy tools like Tornado Cash.
These incidents undermine user confidence in decentralized systems and frequently result in losses of millions of dollars.
Blockchain security has advanced, but due diligence and real-time threat detection technologies are still crucial.
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