The attacker was able to view team members’ private Discord messages, allowing them to gain access to the team’s wallet address and mint 100 million fake tokens.
Genius (GNUS) artificial intelligence network lost approximately $1.27 million through a token-minting exploit on May 5. The GNUS team announced plans to release a new version of the token and that users should no longer buy the old version.
GNUS is a blockchain network that allows users to perform artificial intelligence (AI) computations in exchange for tokens.
Related: AI Blockchain platforms attracted $5 billion in funding in Q1 2024