BTC $66491.5139
ETH $3184.3983
BNB $601.6419
SOL $155.6108
stETH $3185.1637
XRP $0.5495
DOGE $0.1586
TON $5.8776
ADA $0.5099
AVAX $38.8942
wstETH $3708.0998
WBTC $66518.7062
DOT $7.3764
WETH $3184.7962
TRX $0.1114
BCH $512.3077
LINK $15.4337
MATIC $0.7334
UNI $8.1252
ICP $14.9003
LTC $84.7276
DAI $0.9990
CAKE $2.9972
RNDR $9.1863
IMX $2.3935
STX $3.0458
NEAR $6.9983
ETC $28.0765
FDUSD $1.0009
MNT $1.2093
FIL $6.5339
TAO $511.7762
OKB $54.7486
HBAR $0.0893
VET $0.0421
KAS $0.1250
ATOM $8.8532
GRT $0.3029
PEPE $0.0000
WIF $2.8536
FET $2.4350
MKR $2854.7795
INJ $28.3839
THETA $2.3975
USDE $0.9992
XLM $0.1167
CORE $2.5851
BTC $66491.5139
ETH $3184.3983
BNB $601.6419
SOL $155.6108
stETH $3185.1637
XRP $0.5495
DOGE $0.1586
TON $5.8776
ADA $0.5099
AVAX $38.8942
wstETH $3708.0998
WBTC $66518.7062
DOT $7.3764
WETH $3184.7962
TRX $0.1114
BCH $512.3077
LINK $15.4337
MATIC $0.7334
UNI $8.1252
ICP $14.9003
LTC $84.7276
DAI $0.9990
CAKE $2.9972
RNDR $9.1863
IMX $2.3935
STX $3.0458
NEAR $6.9983
ETC $28.0765
FDUSD $1.0009
MNT $1.2093
FIL $6.5339
TAO $511.7762
OKB $54.7486
HBAR $0.0893
VET $0.0421
KAS $0.1250
ATOM $8.8532
GRT $0.3029
PEPE $0.0000
WIF $2.8536
FET $2.4350
MKR $2854.7795
INJ $28.3839
THETA $2.3975
USDE $0.9992
XLM $0.1167
CORE $2.5851
  • Catalog
  • Blog
  • Tor Relay
  • Jabber
  • One-Time notes
  • Temp Email
  • What is TOR?
  • We are in tor
  • DeFi protocol BonqDAO lost $120 million after cyber attack


    Cybersecurity company PeckShield said that cybercriminals hacked the BonqDAO crypto protocol and stole assets worth $120 million.

    The hacker attacked the blockchain price oracle of the project, and was able to increase the rate of the AllianceBlock token (ALBT), issue a large number of Bonq Euro tokens (BEUR) and then exchange them for other cryptocurrencies on the Uniswap platform.

    BonqDAO is a decentralized crypto lending protocol running on the Polygon blockchain. According to DeFiLlama, the total value of assets locked in BonqDAO was $12.9 million on Feb. 1, and $201,000 on Feb. 2.

    BEUR is a stablecoin of one of the BonqDAO vaults pegged to the euro, and WALBT (Wrapped AllianceBlock Token) is a native token that is a copy of the AllianceBlock token. Based on Binance Coin.

    According to PeckShield, after the hack, the BonqDAO project lost about $120 million in assets. Of these:

    • $108 million in BEUR;
    • about $11 million in WALBT tokens.

    After the attack, the hacker burned WALBT tokens to unlock ALBT. Token burning is the destruction of part of the emission in order to limit supply and fight inflation. Usually, after that, the value of the asset rises or stabilizes. According to analysts, the attacker became the second largest owner of the ALBT cryptocurrency.

    After the hack, the Bonq Euro (BEUR) exchange rate fell by more than 30%, lost its peg to the euro and began to cost $0.73. According to CoinGecko, on February 2, the token was trading at $0.84. The ALBT rate fell by 56.7% from $0.106 to $0.047.

    According to researchers, in 2022, the amount of cryptocurrency stolen by hackers from various blockchain platforms amounted to $3.5 billion. The main targets of cybercriminals were the Binance Smart Chain (BSC) ecosystem and cross-chain bridges. Together, they lost more than $2 billion in 92 attacks.

    Author DeepWeb
    How do psychedelics work?
    New variants of Gamaredon malware target Ukraine's critical infrastructure

    Comments 0

    Add comment