April 20, 2024

Cryptocurrency platform bZx lost part of collateral as a result of attack

Hackers hacked the protocol of the DeFi platform bZx and withdrew part of the collateral in Ethereum (ETH). The amount of damage is being determined, reportsThe block.

According to bZx co-founder Kyle Kistner, the attackers used the vulnerability in the contract, and at the moment the company suspended it.

He promised to name the exact cause of the incident after the investigation of the incident by cybersecurity experts.

The company also closed its Fulcrum trading platform for maintenance.

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According to DeFi Pulse, over the past 24 hours 3,300 ETHs (about $ 932,000) have been removed from the bZx protocol. However, some experts estimate the loss of the platform at $ 350 thousand.

Previously, developers of the largest DeFi platform MakerDAO fixed a critical vulnerability in updating the protocol, which could lead to a loss of 10% of the total security deposit (more than $ 74 million at the moment).