Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Polygon GAMEE token Breach

January 23, 2024
Reading Time: 2 mins read
in Incidents
Polygon GAMEE token Breach

A significant breach on the Polygon network involving unauthorized transactions has resulted in a loss of approximately $7 million, primarily affecting the GAMEE token. The compromise appears to be linked to a breach of the GAMEE deployer address, and early investigations suggest a lapse in access control. Following the breach’s revelation, the $GMEE token experienced a notable drop of nearly 20% within the hour. Analysts suspect that unauthorized access to GitLab may have facilitated the theft of 600 million GAMEE tokens.

The root cause of the breach points to the compromise of the $GMEE deployer address, and the attackers swiftly converted the stolen tokens into $MATIC. Notably, a portion of the pilfered funds was transferred to the Ethereum blockchain, and investigations revealed interactions with WhiteBit, a cryptocurrency exchange. This raises concerns about potential attempts to launder the stolen funds through established crypto-financial channels, adding complexity to the aftermath of the breach. The incident comes amid an already challenging week for gaming tokens, compounded by Bitcoin’s recent decline.

Several gaming tokens have faced substantial challenges this week due to Bitcoin’s declining market performance. The $GMEE breach further exacerbates these difficulties, with potential repercussions for the broader gaming token sector. The breach’s impact on the $GMEE token and the subsequent market reactions highlight the renewed surge in security breaches within the cryptocurrency landscape this week. As investigations continue, the incident underscores the ongoing importance of robust security measures in the rapidly evolving crypto space.

Reference:
  • A few hours ago, there was unauthorized

 

Tags: Breachcyber incidentsCyber Incidents 2024CybercrimeCybersecurityJanuary 2024PolygonUSA
ADVERTISEMENT

Related Posts

AI Spam Hijacks Official US Vaccine Site

Cyberattack On Brussels Parliament Continues

June 13, 2025
AI Spam Hijacks Official US Vaccine Site

Swedish Broadcaster SVT Hit By DDoS

June 13, 2025
Major Google Cloud Outage Disrupts Web

Major Google Cloud Outage Disrupts Web

June 13, 2025
AI Spam Hijacks Official US Vaccine Site

AI Spam Hijacks Official US Vaccine Site

June 13, 2025
Erie Insurance Cyberattack Halts Operations

DragonForce Ransomware Hits Philly Schools

June 13, 2025
Erie Insurance Cyberattack Halts Operations

Erie Insurance Cyberattack Halts Operations

June 12, 2025

Latest Alerts

Old Discord Links Now Lead To Malware

VexTrio TDS Uses Adtech To Spread Malware

Simple Typo Breaks AI Safety Via TokenBreak

Coordinated Brute Force Hits Tomcat Manager

SmartAttack Uses Sound To Steal PC Data

Pentest Tool TeamFiltration Hits Entra ID

Subscribe to our newsletter

    Latest Incidents

    Cyberattack On Brussels Parliament Continues

    Swedish Broadcaster SVT Hit By DDoS

    Major Google Cloud Outage Disrupts Web

    AI Spam Hijacks Official US Vaccine Site

    DragonForce Ransomware Hits Philly Schools

    Erie Insurance Cyberattack Halts Operations

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial