On-chain data suggests Celsius Network lost $54 million worth of Bitcoin during last week’s hack on high-yield protocol BadgerDAO, which saw $115 million worth of digital assets taken.
Hackers extracted 896 Wrapped Bitcoin (WBTC) from a MetaMask wallet that a Celsius employee (presumably CEO Alex Mashinsky) was using to interact with BadgerDAO’s website.
Industry insiders were quick to question why it used MetaMask to handle client funds.
How is it possible that a crypto lender like Celsius uses MetaMask with client money?
On-chain data suggests Celsius Network lost $54 million worth of Bitcoin during last week’s hack on high-yield protocol BadgerDAO, which saw $115 million worth of digital assets taken.
Hackers extracted 896 Wrapped Bitcoin (WBTC) from a MetaMask wallet that a Celsius employee (presumably CEO Alex Mashinsky) was using to interact with BadgerDAO’s website.
Industry insiders were quick to question why it used MetaMask to handle client funds.
How is it possible that a crypto lender like Celsius uses MetaMask with client money?