A new one has been added to the recent DeFi-focused crypto asset hacking news. Binance Smart Chain‘also (BSC) who don’t grow BXH protocol has been hacked. According to the statement from the authorities, the total loss 130 million dollars.
BXHAccording to the statement made from the official Twitter account of BXH, the attack was only carried out by BXH. BSC occurred to the part connected to the network. The protocol; Ethereum, OEC and HECO It was stated that the assets on it were not damaged.
🚨🚨We are sorry to announce that BXH was attacked on #BinanceChain. Other chains assets are safe.
We are cooperating with BSC and Peckshield to follow up and trace.#BXH @HECO_Chain @BinanceChain @AnyswapNetwork @O3Swap @renprotocol @cz_binance @peckshield pic.twitter.com/jNo8C53DM0— BXH (@BXH_Blockchain) October 30, 2021
slowmist named security platform calculated the assets obtained by hackers after the attack. According to the platform’s statement, the thieves stole $130 million worth of assets. In a statement, BXH released the addresses used by thieves to steal funds and asked all central exchanges and DEX platforms to freeze these wallet accounts. If the money is returned, the hackers prize was also offered.
SlowMist claims that the amount stolen has exceeded 130 million US dollars. pic.twitter.com/l27dAqI94U
— Wu Blockchain (@WuBlockchain) October 30, 2021
This does not seem to be too surprising for DeFi protocols. Time will tell if the BXH attack, which is the second attack on DeFi protocols, will be as lucky as the first attack. Following these attacks, DeFi platforms can even establish partnerships to work to increase their own security.
Poly NetworkMore than $600 million in assets were stolen in the attack, but Poly Network managed to reach the hackers and the hacker agreed to return the money.
DeFi has emerged as one of the biggest success stories in the crypto world over the past few years and has managed to grow into a multi-billion dollar industry within a year. However, despite its growing prevalence, vulnerabilities in various protocols seem to reduce public trust in the DeFi ecosystem, particularly Binance Smart Chain.
BSC, Binance’s native chain, became popular in March this year after network slowness and high network fees on Ethereum. However, it seems that even a trust problem against BSC may occur after attacks on DeFis.
Although BXH does not share all the details of the attack, many believe that these attacks are not the first.