Enjin Coin NFT Platform Hit by $142K Exploit, 5.24M ENJ Drained

BitcoinWorld Enjin Coin NFT Platform Hit by $142K Exploit, 5.24M ENJ Drained A security exploit targeting Enjin Coin’s ERC-1155-based NFT platform has resulted in losses of approximately $142,000, according to blockchain security firm Defimon.

The incident involved the theft of NFTs from 52 addresses and the subsequent draining of 5.24 million ENJ tokens, which were extracted after the stolen items were melted.

How the Exploit Unfolded Defimon’s preliminary analysis suggests the attacker exploited a vulnerability in a transfer adapter, a component that facilitates the movement of NFTs between parties.

The flaw reportedly allowed the attacker to transfer NFTs without obtaining the owners’ approval, bypassing standard authorization checks.