DeFi Protocol Qubit Finance Exploited For $80M

Posted on by American Coins & Gold

DeFi Protocol Qubit Finance Exploited For M
Binance Smart Chain-based Qubit Finance was exploited for over $80 million by attackers on Friday morning, developers confirmed in a post.“The hacker minted unlimited xETH to borrow on BSC. The team is currently working with security and network partners on next steps,” developers said in a tweet.The protocol was exploited by;0xd01ae1a708614948b2b5e0b7ab5be6afa01325c7The hacker minted unlimited xETH to borrow on BSC.The team is currently working with security and network partners on next steps.We will share further updates when available.— Qubit Finance (@QubitFin) January 28, 2022Addresses connected to the attack show 206,809 binance coins (BNB) were drained from Qubit’s QBridge protocol. The assets…