In a blog post this week, DeFi platform BadgerDAO provided details of how it was exploited for $120 million earlier this month.BadgerDAO said that a phishing incident that occurred on Dec. 2 was caused by “a maliciously injected snippet” from Cloudflare, an application platform that runs on Badger’s cloud network.The hacker used a compromised API key that was created without … [Read more...] about BadgerDAO Reveals Details of How It Was Hacked for $120M
“It turns out that it’s currently easier to borrow and lend with WBTC than BTC since users can interact with DeFi lending protocols like Compound, Aave, and Maker to lend their WBTC and borrow USDC, dai, or other assets against it,” Joe Keefer, a trader at Grapefruit Trading, one of the biggest WBTC merchants, told CoinDesk on Telegram. “There are also many opportunities to use … [Read more...] about Wrapped Bitcoin’s Supply Has More Than Doubled, but the BadgerDAO Hack Exposed Risks of Moving Bitcoin to Ethereum
Bitcoin DeFi tool BadgerDAO suffered a major attack earlier this week, and according to the current speculation, one of the most affected addresses that lost nearly 900 Bitcoin could be owned by Celsius.The popular lending platform that enables users to earn interest on deposited crypto hasn’t confirmed the claims, but on-chain data gives credence to the rumors that are … [Read more...] about Was Celsius the ‘biggest victim’ in the recent BadgerDAO exploit?
During an ask-me-anything (AMA) YouTube live stream on Friday, Alex Mashinsky, CEO of Celsius Network, confirmed that the company “lost money” from BadgerDAO’s hack without specifying the value of the losses. Some had speculated earlier Friday that roughly $51 million was lost, based on blockchain data. Source link … [Read more...] about Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack
Decentralized autonomous organization BadgerDAO recently suffered a major exploit, and according to the current speculation the attack was executed via the DeFi protocol’s front-end.Without revealing any details related to the attack, the team confirmed receiving reports of unauthorized withdrawals of user funds on Twitter, announcing it paused all smart contracts in order to … [Read more...] about Bitcoin DeFi tool BadgerDAO hit by estimated $120 million hack