Avalanche Defi Platform Vee Finance attacked-$ 35 million in ETH, BTC skimmed-Defi
Avalanche Defi Platform Vee Finance attacked-$ 35 million in ETH, BTC skimmed-Defi
On September 21, 2021, a decentralized financial platform (Defi) Vee Finance based on Avalanche announced that it suffered from an incident in which 8,804 ether and 213 Bitcoin were brought out of the system. The team has suspended the Defi platform contracts and emphasized that the stable coins are "not affected by the attack".
Defi Project Vee Finance suffers a loss of $ 35 million from hack
The Avalanche (Avax) Blockchain has recently been a popular network and has attracted a number of defi applications such as Benqi.fi, Trader Joe, Lydia Finance, Shroom Finance and Osiris. The Vee Finance platform is another defi platform that has collected a number of users and coins that have contributed to the blocked total value (TVL) of the platform.
On September 21, however, the team explained that the project was "attacked" and updated the Vee Finance community via Twitter and a incident report . "Vee.Finance incident", The twittering. "The Vee Finance team has exposed the platform contracts to ensure the security of the assets of more users, and exposed to the deposit and loan function. The stable coin area is not affected by the attack," says the disclosure.
Vee Finance Project insists that stable coins are safe
In the incident report, the Vee Finance team announced that "8,804,7" eth and 213,93 btc were attacked. " At the time of writing, the loss is around 35.49 million US dollars using the current Bitcoin and Ether change courses. href = "https://etherscan.io/address/0xeeee458c3a5eaafcfd681d405fb555ba" Rel = "Noopener"> Etherscan address ) and has picked up the stolen assets at this address ". The operators of the Defi project continued to insist on this:
The stable coin area is not affected by the attack. According to address monitoring, the attacker has not yet transferred the stolen assets or processed it. The VEE team is actively working to further clarify the incident and will continue to try to contact the attacker to restore the assets.
The attack on the Vee Finance network follows a attack against the pnetwork protocol Loss of 277 Bitcoin ( btc ) about the Binance Smart Chain (BSC). The avalanche network saw its first major defect attack lost six days ago 3.2 million Dollar at a hack. The Hacker from Zabu Finance took advantage of the Spores token protocol of the platform, shaped 4.5 billion Zabu and pulled the coins into a secret wallet.
What do you think that the Avalanche Defi platform Vee Finance is hacked for $ 35 million? Let us know your opinion on this topic in the comments below.
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