High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds – becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.
So far, reported-on December hacks include Badger DAO, Bitmart, AscendEX, Vulcan Forged, and Grim Finance.
Then, in early morning hours on Tuesday, Bent Finance announced that there might be “a possible exploit,” adding that they have disabled reward claims.
“We will update you as soon as we know more, as of now, no funds have been lost,” the team said.
However, according to Joe McGill – the founder of a digital currency risk and advisory company CyChain, and former cyber and cryptocurrency investigator at US Secret Service – an attacker has been funnelling approximately 440 ethereum (ETH) (USD 1.78m) since December 12 after they had “funded one of the primary wallets via TornadoCash cash deposits” on December 9.
Most recently, the Bent Finance team said that there was an exploit from the bent deployer address, which added various amounts of Convex CRV (cvxCRV) and Magic Internet Money (MIM) to “an address on an unverified update 20 days ago.”
“We just discovered this today. There are multiple members on this team and we will make this right,” the team said, again asking users to withdraw all funds.
According to Etherscan transactions, an address, which is now marked “Bent Finance Exploiter,” has been transferring large amounts of DeFi tokens for the last 10 days.
Meanwhile, some users are alleging that this was a rug pull, accusing the Bent Finance developers of running away with investors’ funds.
The BENT coin dropped more than 70% in a single day, now trading at USD 4.52.
Check other news for today and Please stand by..
*********************************
If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!
EN web Support Chat | Hyips and Crypto questions – HyipChatEN
Telegram Chat for Crypto and Hyip reports: @HyipChatEN
*********************************
Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!
If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!
