Here is the current whereabouts as well as the total loss: $120.3M (with ~2.1k BTC + 151 ETH) /fJ4hJcMWTq 45 lakh) per coin, Ethereum's present value is $4,800 (roughly Rs. While Bitcoin is currently trading at $59,900 (roughly Rs. In this hack attack, the company has lost 2,100 BYC and 151 ETH, data analytics firm PeckShield said. 1,500) as per CoinMarketCap.īadger decentralised autonomous organisation (DAO) enables Bitcoin to be used as collateral across DeFi applications that provide an autonomous and decentralised option for financial services that are otherwise bank-regulated.Īlert #ShibArmy: Scammers Targeting Shiba Inu Investors on Telegram

Since the attack, the native token of the protocol, “BADGER”, has slumped by 16 percent and is currently trading at $20 (roughly Rs. Our investigation is ongoing and we will release further information as soon as possible. As Badger engineers investigate this, all smart contracts have been paused to prevent further withdrawals. “Our investigation is ongoing and we will release further information as soon as possible,” the Badger team wrote in its tweet.īadger has received reports of unauthorized withdrawals of user funds. The firm has posted some information about the case on Twitter. A loophole in the protocol's user interface is being doubted as the entry point for the attackers. The company has also officially confirmed the breach. While details on the attackers are being investigated, Badger has paused all smart contracts as well as halted asset withdrawal. 900 crore) worth of Bitcoin and Ethereum. Thanks to a hack attack, decentralised finance (DeFi) protocol Badger DAO has lost $120 million (roughly Rs.

Highlights Investigation in the case is underway Badger has suspended all asset withdrawals Details of the attacker remain unknown Badger DAO enables Bitcoin to be used as collateral across DeFi applications

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