{"id":477985,"date":"2021-12-03T01:31:46","date_gmt":"2021-12-03T01:31:46","guid":{"rendered":"https:\/\/wncen.com\/?p=477985"},"modified":"2021-12-03T01:31:46","modified_gmt":"2021-12-03T01:31:46","slug":"largest-defi-hack-yet-badgerdao-hack-results-in-loss-of-120m","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/largest-defi-hack-yet-badgerdao-hack-results-in-loss-of-120m\/","title":{"rendered":"Largest DeFi Hack Yet? BadgerDAO Hack Results In Loss Of $120M+"},"content":{"rendered":"
There are high ceilings and low floors when it comes to crypto at times. Another hack came to life this week, and early reports have stated that the hack was a front-end compromise that led to users being tricked into approving unwanted transactions.<\/p>\n
The news comes after a $35M DeFi hack of the Vee Finance protocol<\/a> in recent months, and our team at NewsBTC reported around mid-year that crypto hacks and fraud were on pace for a record year<\/a>.<\/p>\n This week’s BadgerDAO compromise is one of DeFi’s biggest yet.<\/p>\n The protocol cited “reports of unauthorized withdrawals of user funds” on late Wednesday, and proceeded to pause all smart contracts on the protocol:<\/p>\n Badger has received reports of unauthorized withdrawals of user funds.<\/p>\n As Badger engineers investigate this, all smart contracts have been paused to prevent further withdrawals.<\/p>\n Our investigation is ongoing and we will release further information as soon as possible.<\/p>\n — \u20bfadger \ud83e\udda1 (@BadgerDAO) December 2, 2021<\/a><\/p><\/blockquote>\nBadgerDAO Hack: What We Know<\/h2>\n
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