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DeFi protocol bZx falls victim to phishing attack, around $55 million lost
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ambcrypto.comThedecentralized finance sector is growing at a breakneck pace. Total value locked in DeFi, at press time stood at more than $250 billion. However, here’s the negative side to this ever-increasing ecosystem.
In the first four months of 2021, the DeFi sector lost about $240 million. These are just the publicly known cases; the real estimate of losses could be in billions of dollars.
DeFi protocol bZx, a widely-used protocol is currently trending in the news. Well, for the wrong reasons. This protocol built on Ethereum and Binance Smart Chain was hacked for at least $55 million. As reported in the series of tweets, bZx executives tweeted,
<p lang=«en» dir=«ltr» xml:lang=«en»>An hour ago it appears that the private key controlling the Polygon and Read more on ambcrypto.comAbout this in other media
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