TheStreet - Victim of a $80M Crypto Theft, DeFi Platform Qubit, Begs Hackers for its Money Back

in blockchain •  3 years ago 

https://www.thestreet.com/investing/cryptocurrency/-victim-of-a-80m-crypto-theft-defi-platform-qubit-begs-hackers-for-its-money-back
Screenshot_20220202-200706_Internet.jpg

206,809 Binance coins worth $80 million were hacked from Qubit Finance, a DeFi platform for lending and guessing the price of cryptocurrencies.

The next day, hackers were contacted by Qubit and offered a reward to return the stolen money.

However, it seems that the initial offer was rejected as the reward was raised to $1 million.

Basically, the attackers took advantage of a bug in Qubit's code to withdraw the token on the Binance smart chain, even though no token was stored in Ethereum.

Screenshot_20211106-080453_DesignEvo.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!