Users Report Unauthorized Withdrawals
Ethereum Layer 2 network Abstract is investigating reports of wallet drains affecting several community members. The issue appears to be linked to the on-chain fantasy trading card game Cardex, which launched on Abstract on Feb. 11.
Abstract’s developer 0xBeans acknowledged the issue in a public statement, assuring users that the problem was not a network-wide security failure. Instead, early investigations suggest that Cardex may be the source of the compromise, leading Abstract to urge users to avoid interacting with the game until further notice.
Users Demand Action as Losses Mount
Dozens of users flooded Abstract’s Discord and Cardex’s Telegram channels, claiming that their funds had been drained after connecting their wallets to the game. Reports indicate that losses range from a few hundred dollars to over $100,000 in ETH. Some users accused Cardex of conducting a “rug pull,” a fraudulent scheme where developers abandon a project after draining investor funds.
Abstract’s Security Measures and Industry Implications
Abstract, developed by Pudgy Penguins’ parent company Igloo Inc., launched on mainnet in late January after raising $11 million in funding. The network operates using ZKsync’s ZK stack and boasts over 100 community-created apps.
The Block has reached out to Abstract and Cardex for comment as the investigation continues. Meanwhile, the incident highlights the ongoing risks associated with DeFi applications and underscores the need for enhanced security measures in the growing Layer 2 ecosystem.
