After suffering a $230,000 loss in an attack, NFT platform Gondi has pledged to compensate affected users.
CoinFeed reported on March 10th that, according to The Block, NFT platform Gondi recently suffered a contract vulnerability attack, resulting in the theft of approximately 78 NFTs and a loss of about $230,000. According to Gondi's official announcement, the attack was related to a new version of the Sell & Repay contract deployed on February 20th. Its Purchase Bundler function had a logical flaw that failed to properly verify whether the caller was the legitimate owner or borrower of the NFT. The stolen NFTs included 44 Art Blocks, 10 Doodles, and 2 Beeple artworks. Gondi stated that the situation is under control; the Sell & Repay function remains disabled during the repair period, while other buying, selling, quoting, and trading functions are operating normally, and platform activity can be safely restored.