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

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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.

 

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