Enjin exploit drains $142,000 in ENJ from 52 wallets
AI Market Summary
A reported exploit in Enjin's ERC1155 "Crypto Items" flow allowed an attacker to register a malicious transfer adapter, bypass approval checks, and drain ENJ-backed items from ~52 wallets. The attacker then used melt() to redeem reserves (500 ENJ per item), totaling about $142,000. The incident raises immediate smart-contract and reserve-drain risk concerns, pressuring ENJ sentiment and liquidity in the near term.
Impact level
● Medium
Affected assets
ENJ/USDT+0.77%
AI Insight · ENJ/USDTAI Insight
▼ Bearish
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Mars Finance reports that a vulnerability in Enjin's ERC1155 "Crypto Items" design was exploited after an attacker registered a malicious transfer adapter. Because each item can route transfers through its own dedicated adapter, the rogue adapter allowed the attacker to bypass owner-approval checks. The compromised contract then pulled ENJ-backed items from about 52 unrelated wallet holders without consent. The attacker later invoked melt() on each stolen item, redeeming 500 ENJ per item from Enjin's reserve.
