{"id":31233,"date":"2020-11-04T11:01:44","date_gmt":"2020-11-04T09:01:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31233"},"modified":"2025-08-28T02:39:47","modified_gmt":"2025-08-27T23:39:47","slug":"axion-project-to-relaunch-after-unauthorized-withdrawal-of-79-billion-axn-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/axion-project-to-relaunch-after-unauthorized-withdrawal-of-79-billion-axn-tokens\/","title":{"rendered":"Axion project to relaunch after unauthorized withdrawal of 79 billion AXN tokens."},"content":{"rendered":"<p>The Axion team announced an upcoming relaunch after one of the developers injected malicious code that allowed him to mint and sell 79 billion AXN tokens.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A couple incoming questions coming from the community since this post:<\/p>\n<p>\u2014 HEX2T holders will also be compensated<br \/>\u2014 The amount sold was 79B not 76B, that was a typo<br \/>\u2014 Do not buy HEX2T or AXN on uniswap at this time.<\/p>\n<p>\u2014 Axion (@axion_network) <a href=\"https:\/\/twitter.com\/axion_network\/status\/1323670049278681088?ref_src=twsrc%5Etfw\">November 3, 2020<\/a><\/p>\n<\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the project\u2019s statement, the Axion Foundation collaborated with the RocknBlock development team to develop a new token.<\/p>\n<p>To launch the mainnet, RocknBlock granted permission to deploy to one of its subcontractors. The Axion team says it was unaware of this.<\/p>\n<p>According to Axion, he injected malicious code and used an exploit to mint and sell nearly 80 billion AXN tokens.<\/p>\n<p>As a result, the attacker received about 1,300 ETH (nearly $500,000 at the time of writing).<\/p>\n<p>As a consequence, the token price collapsed to near-zero levels.<\/p>\n<div id=\"attachment_115304\" style=\"width: 830px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115304\" class=\"wp-image-115304\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_228-300x204.png\" alt=\"Axion relaunch after unauthorized withdrawal of 79 billion tokens\" width=\"820\" height=\"558\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_228-300x204.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_228-768x523.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_228.png 1009w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n<p id=\"caption-attachment-115304\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/axion\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a><\/p>\n<\/div>\n<p>Axion assured that the project would be relaunched and all token holders would receive full compensation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Axion is Set to Relaunch November 11th<\/p>\n<p>+ An opportunity to help build the liquidity pool and earn some discounted AXN<\/p>\n<p>More info here: <a href=\"https:\/\/t.co\/ln35KC2B1y\">https:\/\/t.co\/ln35KC2B1y<\/a><\/p>\n<p>\u2014 Axion (@axion_network) <a href=\"https:\/\/twitter.com\/axion_network\/status\/1323810411821428737?ref_src=twsrc%5Etfw\">November 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CertiK, one of the project\u2019s auditors, stressed that the code was changed after the audit was completed, just before the live smart contract launch.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Axion <a href=\"https:\/\/twitter.com\/search?q=%24AXN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$AXN<\/a> exploit was added to their smart contract after the audits were completed, suggesting an inside job. Over 1300 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> was stolen.<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/SecurityOracle?src=hash&#038;ref_src=twsrc%5Etfw\">#SecurityOracle<\/a> of <a href=\"https:\/\/twitter.com\/hashtag\/CertiKChain?src=hash&#038;ref_src=twsrc%5Etfw\">#CertiKChain<\/a> conducts security checks on live contracts to prevent silent changes like this. Read about the hack: <a href=\"https:\/\/t.co\/rm7hnu7b8S\">https:\/\/t.co\/rm7hnu7b8S<\/a><\/p>\n<p>\u2014 CertiK Foundation (@certikorg) <a href=\"https:\/\/twitter.com\/certikorg\/status\/1323424595144286208?ref_src=twsrc%5Etfw\">November 3, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">In October, an unknown attacker <\/span><a href=\"https:\/\/forklog.com\/en\/news\/hacker-drains-19-8m-from-harvest-finance-as-farm-price-falls-more-than-50\"><span style=\"font-weight: 400;\">used<\/span><\/a><span style=\"font-weight: 400;\"> $24 million in stablecoins from Harvest Finance pools to withdraw $19.8 million in renBTC. Representatives of the project <\/span><a href=\"https:\/\/forklog.com\/en\/news\/harvest-finance-explains-hacker-attack-as-an-engineering-error\"><span style=\"font-weight: 400;\">explained<\/span><\/a><span style=\"font-weight: 400;\"> the incident as an &#8216;engineering error&#8217;.<\/span><\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Axion team announced an upcoming relaunch after one of the developers injected malicious code that allowed him to mint and sell 79 billion AXN tokens.<\/p>\n","protected":false},"author":1,"featured_media":31234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,2016],"class_list":["post-31233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-collapse"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31233"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31233\/revisions"}],"predecessor-version":[{"id":31235,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31233\/revisions\/31235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31234"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}