Badger DAO, a Bitcoin-focused decentralized finance project built on the Ethereum blockchain, lost a total of $100 million as a result of the smart contract vulnerability attack by the DeFi hacker.
According to blockchain security firm PeckShild, a single user 896 bitcoins (BTC) (about $50 million) it was stolen.
The team confirmed that the unauthorized withdrawals were correct in their post on Twitter and announced that their engineers were interested in the issue.
Badger DAO protocol’s smart contracts have been temporarily suspended.
According to DeFi Pulse data, Badger DAO 23rd largest Defi protocol on Ethereum is in position. Locked totals in November 1 billion dollars got on it.
Badger DAO, Bitcoin Wrapped to Bitcoin (WBTC) or to renBTC It allows its users to earn passive income with Bitcoin by investing their returns in Sett Vaults that algorithmically allocates and automatically combines them.
Native token of Badger DAO project according to Coinecko data BADGER, within 24 hours with the news approx. It lost 15% in value.
