Fake NFT Hack By Thestarslab

  • Today Thestarslab NFTs team announced that their minting contract got hacked.
  • They said that 197 ETH seemed to be lost forever.
  • But in reality, there was no hack and everything was premeditated by the developers.

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Today Thestarslab NFTs team announced that their minting contract got hacked. They said that 197 ETH seemed to be lost forever. But in reality, there was no hack and everything was premeditated by the developers. They notified people about the hack through their Discord channel as you can see in the below image.

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The function that would allow them to pull their funds is shown in the below image. If use the onlyOwner modifier. They claim a hacker relinquished ownership so therefore they should not be able to withdraw.

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We could find out that when one renounce the ownership of a contract, one can’t recover any funds from it. But in this case, the developers changed the default modifier to ‘onlyOwner’, adding an extra line to be able to access the funds even if the ownership was renounced. As you can see in the below image.

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We found out that this was premeditated and it was not a hack. Still to be known if they worked with external developers who tricked their team into believing it was impossible to recover or if it was the team itself.

The metaverse was created by a big bang in November 2020. As a result, countless distinct planets have been scattered throughout the vast universe. A group of daring explorers formed the “Starslab” organisation. To find these planets, they piloted a spacecraft.

When a member arrives on an unknown planet, Starslab provides a navigation device with the targeted planet’s location information. This demonstrates that the member has acquired ownership of the planet. Explorers can share and exchange the planets they discover, as well as the breathtaking scenery they encounter, in the Starslab community.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.