Ethereum-BSC bridge of Qubit Finance exploited, lost $80 million

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Ethereum-BSC bridge of Qubit Finance hacked for $80 million in 'largest exploit of 2022' (via Yogita_Khatri5)

from Ethereum to Binance Smart Chain. In other words, when someone deposits an ERC-20 token to the bridge, they receive a BEP-20 token in return, which can then be used on Binance Smart Chain.

The attacker ended up netting 77,162 qXETH , which they then used as collateral and borrowed other asserts from lending pools worth $80 million, according to CertiK.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yogita_Khatri5 Second time for bunny who they rekt all

Yogita_Khatri5 BSC again?

Yogita_Khatri5 Visa VisaBR VisaMX VisaColombia VisaNews

Yogita_Khatri5 I wonder if my investment got hacked 😀

Yogita_Khatri5 wrapped token? sifchain THORChain Chainflip swap native token. moon soon!

Yogita_Khatri5 digitalassetbuy BakkupBradley _XRpizza TAIGxrp INotoriousxrp 👀👀👀

Yogita_Khatri5

Yogita_Khatri5 Isn’t bunny a scam

Yogita_Khatri5 Haskell is too hard!!! Cardano

Yogita_Khatri5 Wow

Yogita_Khatri5 NK would like to say thank you and good morning 🌄

Yogita_Khatri5 So far *

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Infrastructure Company Blockdaemon Raised $207M From Tiger Capital and SoftBankBlockdaemon secured a $207 million financing round and announced it will launch a DeFi Fund.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bybit Contributes $134 Million to BitDAO Treasury to Invest in Open Finance and Blockchain | HackerNoon'Bybit Contributes $134 Million to BitDAO Treasury to Invest in Open Finance and Blockchain' bybit dao WOW! Check MetaAngelDAO out! totally mindblown! BitDAO_Official
Source: hackernoon - 🏆 532. / 51 Read more »