BadgerDAO Reveals Details of How It Was Hacked for $120M

BadgerDAO Reveals Details of How It Was Hacked for 0M
In a blog post this week, DeFi platform BadgerDAO provided details of how it was exploited for $120 million earlier this month.BadgerDAO said that a phishing incident that occurred on Dec. 2 was caused by “a maliciously injected snippet” from Cloudflare, an application platform that runs on Badger’s cloud network.The hacker used a compromised API key that was created without the knowledge or authorization of Badger engineers to periodically inject the malicious code that affected a subset of its customers.The hacker ultimately stole $130 million in funds, but approximately $9 million of that was recoverable since those funds were transferred…