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DeFi News

Thunder Terminal Loses $240k in Exploit, More Funds on Risk?

The Thunder team said no wallet access is compromised while the hacker claims they have all the user's data.

Written By Gopal Solanky Gopal Solanky
Published 2023-12-27·Updated 2 years ago
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Last updated: February 12, 2024 4:59 AM
Published 2023-12-27
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Last updated: February 12, 2024 4:59 AM
Published 2023-12-27

Onchain trading platform Thunder Terminal has lost approximately $240k in an exploit as a hacker illicitly withdraws SOL and ETH from over 100 user wallets.

Thunder announced that it noted suspicious withdrawals from user wallets on the platform at 12:11 AM UTC on December 27. Thunder said that the hacker entity got access to a “MongoDB connection URL,” which they used to pull session tokens and manage to proceed with withdrawals from users’ wallets.

https://twitter.com/ThunderTerminal/status/1739843737860374845

The attack was mitigated after the Thunder team revoked all session token access and transaction signing. The team also confirmed that no private keys or user wallets were compromised, while only 1% of wallets were affected. The lost assets include 86.56 ETH and 439.12 SOL, totaling approximately $240,000 of user funds.

“The exploit happened through withdrawal requests our server considered as authorized because of leaked session tokens,” said the team, adding, “We do not store any private keys, so the attacker does not have access to any wallets. Desktop wallets were not affected.”

Thunder Says Funds Are Safe Now! Hacker Says Not Yet

Thunder claims that no data, such as private keys or wallet access, is compromised. The attack was stopped in less than 9 minutes, and only 114 of 14,000 wallets were affected.

However, the hacker entity sent an onchain message, which says that the Thunder team is lying and they have all user data, which will be deleted if they receive 50 ETH.

Thunder Terminal Hacker Message
Thunder Terminal Hacker Message – Etherscan

The Thunder team has not officially responded to the hacker’s message. Furthermore, the team said that they have contacted the FBI to look into the matter while willing to negotiate if the exploiter returns user funds or else it “intends to pursue this crime to the fullest extent of the US judicial system.”

Also Read: KyberSwap Slashes Staff 50% but Unveils Zap API for Users

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter for Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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