Badger DAO Appears to Have Lost Over USD 62M in an Attack
Reading now: 671
cryptonews.comBadger DAO, a decentralized autonomous organization (DAO) that enables bitcoin (BTC) to be used as collateral across decentralized finance (DeFi) applications, has fallen victim to an exploit.
It was originally speculated that the project has lost over USD 10m worth of cryptoassets. However, Etherescan transactions suggest that one of the affected users has lost around 897 WBTC (wrapped BTC) (USD 51m), implying that the hack is much bigger than initially thought.
Furthermore, Etherescan transactions show that the hacker has taken WBTC 1,085), 136,000 cvxCRV (Convex CRV), 64,000 veCVX, and other forms of vaulted and synthetic crypto assets from users wallets - pushing the amount stollen over USD 62m.
The Badger team has confirmed the hack,
Read more on cryptonews.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
