The Verge - Someone stole $120 million in crypto by hacking a DeFi website

in blockchain •  2 months ago 

https://www.theverge.com/2021/12/2/22814849/badgerdao-defi-120-million-hack-bitcoin-ethereum
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BadgerDAO allows Bitcoin holders to "bridge" their cryptocurrency to the Ethereum platform to take advantage of the DeFi opportunity.

However, on Wednesday night, hackers drained funds from several cryptocurrency wallets linked to BadgerDAO.

Someone on Badger's Discord concluded that people lost 120 million due to a leak of the Cloudflare API by a sloppy team.

After Badger became aware of the illegal transfer, they terminated all smart contracts and froze the platform.

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