FOOMCASH Contracts on Base and Ethereum Networks Face Imitation Attack

Blockchain security firm BlockSec has identified an imitation attack on FOOMCASH contracts on the Base and Ethereum networks. According to PANews, the attack mirrors a previous vulnerability found in Veil Cash, where attackers exploited a verification key configuration error to forge zkSNARK proofs. This breach has resulted in a cumulative loss of approximately $2.26 million. On the Base network, a single attack transaction led to a loss of around $427,000, while transactions on the Ethereum network, amounting to about $1.83 million, are suspected to be white hat rescue operations.