DeFi: Victim of a bZx hack loses 8 million $

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4 years ago

DeFi: Victim of a bZx hack loses 8 million $$.

3rd attack for the decentralized loan platform :

Due to the hacking of the bZx platform has fallen victim to a duplication of tokens, the protocol insurance fund has temporarily accumulated a debt.

The platform published a message on social networks on September 13 to announce the loss of 8 million dollars.

Here is the different piece that was targeted for this attack:

$219,000 LINK (~$2,628,000)
4,503 ETH (~$1,637,000)
1,756,000 USDT
1,412,000 USDC
668,000 DAI

bZx lending that they have already increased their security but this does not reassure at all the people who are afraid to use the bZx platform.

This but in light of the weakness of insurance in relation to decentralized finance protocols such as bZx

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Comments

Great

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4 years ago

For a second I thought it was a 4th attack... It's quite surprising that it is still running. But they have insurance for these matter. For my its a big no no with red flags.

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4 years ago