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Gnosis Pay reveals hidden flaw behind $1.5 million crypto hack

Gnosis Pay reveals hidden flaw behind $1.5 million crypto hack

Gnosis Pay has revealed that a software flaw dating back to October 2023 enabled the $1.5 million exploit of its card safe infrastructure, while confirming that all affected users have been fully reimbursed.

Summary

  • Gnosis Pay traced its $1.5 million hack to a Zodiac software flaw that had existed since October 2023.
  • The company reimbursed all affected users, restored services within days, and continues recovering about $300,000.
  • The incident adds to growing scrutiny of crypto security as firms and governments respond to rising cyber threats.

According to a postmortem published by Gnosis Pay on Friday, the vulnerability was traced to version 3.4.0 of the Zodiac…

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