DAOMaker’s Degen Zoo Project Suspended Due to Potential Exploit on Binance Oracle

DAOMaker's Degen Zoo Project Suspended Due to Potential Exploit on Binance Oracle

Crypto News :

DAOMaker’s game project, Degen Zoo, has been temporarily suspended due to an ongoing investigation into a potential exploit on Binance Oracle. Reports from the Degen Zoo Telegram group suggest that the team has taken this step to manage potential risks and investigate possible manipulation.

The team’s investigation conducted prior to the announcement had not yielded conclusive results confirming an exploit. However, the team has not yet determined whether the attacker attempted to gain possession of quality non-fungible token (NFT) assets.

The team has confirmed that hatching processes occur entirely on Binance Oracle and that there are no signs of an on-chain exploit.

The suspicion of a possible exploit arose when an address, 0x8E…3c3c, burnt $58,000, or roughly 2m DZOO, their native token, as shown by BscScan. This action had never occurred before and therefore raised suspicion.

Degen Zoo is a relaxation game that was created by DAOMaker to demonstrate the possibility of executing Logan Paul’s Crypto Zoo game in just 30 days.

The game utilizes a deflationary token along with digital assets containing 120 threatened species to simulate the impact of capitalism on animal extinction. It is an educational tool that highlights how human greed contributes to the extinction of various animals.

Players can burn owned NFTs to assert the collection facing extinction and profit as a result. Users can also stake to earn an egg. The DZOO token is listed on several exchanges, including Binance, and can be purchased using various cryptocurrencies, such as bitcoin (BTC).

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like