Security News > 2022 > July > Hackers steal $6 million from blockchain music platform Audius
The decentralized music platform Audius was hacked over the weekend, with threat actors stealing over 18 million AUDIO tokens worth approximately $6 million.
Audius is a decentralized streaming platform hosted on the Ethereum blockchain where artists can earn AUDIO tokens by sharing their music, and users can earn tokens by curating and listening to content.
After a hacker stole $6 million worth of AUDIO tokens this weekend, the platform responded within minutes by freezing several services until the developers could deploy fixes to prevent further theft of tokens.
According to a post-mortem report published by Audius on Sunday, the hacker exploited a bug in the contract initialization code that allowed them to perform repeated invocations of the initialize functions.
As Audius concluded in the post-mortem report, no new tokens were minted, and the incident had no impact on the circulation of token supply.
While the Audius attack was not as large as those on Axie Infinity's Ronin bridge and Poly Network, where hackers stole over $600 million of tokens from both projects, the hacker still stole a significant number of tokens.