PANews|Feb 26, 2026 08:57
[Security Agency: FOOMCASH Suffers Approx. $2.26 Million Loss Due to Mimicry Attack]
Blockchain security agency BlockSec has monitored and discovered that FOOMCASH contracts on the Base and Ethereum networks have suffered mimicry attacks. The method used is identical to the previous Veil Cash vulnerability, where attackers exploited incorrect verification key configurations to forge zkSNARK proofs, resulting in a cumulative loss of approximately $2.26 million. Among these, a single attack transaction on Base caused a loss of approximately $427,000, while related transactions on Ethereum, amounting to approximately $1.83 million, are suspected to be white-hat rescue operations.
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