0G Foundation Suffers $520,000 Loss Due to Theft of 520,010 $0G Tokens and Other Cryptocurrencies

Cyberattack on 0G Foundation: The 0G Foundation suffered a cyberattack resulting in the theft of over $520,000 in cryptocurrency, including 520,010 $0G tokens, 9.93 ether, and approximately $4,200 in USDT, due to a compromised private key stored on a cloud server.

Exploitation of Vulnerabilities: The attacker exploited an emergency withdrawal function and a critical vulnerability in the Next.js web framework, allowing lateral movement across multiple compromised AliCloud instances, affecting various services within the foundation.

Immediate Security Measures: In response to the breach, the 0G Foundation has implemented immediate security measures, including patching the vulnerability, migrating key services to Trusted Execution Environments (TEEs), and adopting multi-signature wallet requirements.

Future Commitments: The foundation, which recently raised over $290 million, views the incident as a wake-up call and plans to release a post-mortem report detailing the breach and its implications for future security practices.