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Badger DAO falls prey to DeFi exploit, losses estimated at $10 million
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Badger DAO, a Bitcoin-focused DeFi platform, has been allegedly exploited. The platform tweeted earlier today that it received reports of “unauthorized withdrawals of user funds.” It stated,
“Our investigation is ongoing and we will release further information as soon as possible.”
Meanwhile, Badger confirmed that the engineers have halted all smart contracts to prevent further withdrawals. Having said that, blockchain security and data analytics company PeckShield Inc. released a list of funds that were transferred out from victims’ wallets.
<p lang=«en» dir=«ltr» xml:lang=«en»>Here is the list of funds that were so far transferred out from victims @BadgerDAO pic.twitter.com/P5pOj1YQ2l— PeckShield Inc. (@peckshield) December 2, 2021
With that,
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BadgerDAO reveals cause behind exploit, details recovery plan ambcrypto.com /2 years ago
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