With the $120 million hack of decentralized finance (DeFi) protocol BonqDAO, the native token of the linked Bonq Euro (BEUR) and AllianceBlock (ALBT) suffered a massive drop.
On-chain analytics platform PeckShield according to data BonqDAO platform’s smart contracts a serious cyber attack due to the realization 120 million lost lived.
In the first stage of the attack Manipulate ALBT token price The hacker, who raises it by from BEUR pressed. The total assets stolen by the attackers $108 million part of 98 million BEURs when creating $11 million portion if 113 million WALBTs forming.
ALBT, after the news of the hack $0.105 from the levels 75% in decline $0.0234 BEUR loses its stability as it regresses to the level to 30% experienced a recent decline.
A February 1 report by AllianceBlock, which was severely affected by the attack, in the announcementthanks to hackers Bonq exploit AllianceBlock worth $11 million Confirmed token stealing.
Attackers can use a liquidity wallet at the time of the exploit. 112 million ALBT accessed his token and transferred them to different addresses on Ethereum (ETH). After this attack, the developer team all activities on the network. It was announced that while freezing, liquidity pools will be out of use.
CoinGecko ALBT in the last 24 hours, according to data provided by 63%losing more than 0.04 from dollars when trading BEUR, 22% drop by showing from $0.85 is changing hands.
Airdrop news
Expressing their regret for the events, the developer team took action for the users affected by the damage. According to the statement, new ALBT tokens will be issued by the team and sent to the affected wallet addresses. airdrop will be sent as