• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
About $18 million was stolen from the accounts of the Flare project

About $18 million was stolen from the accounts of the Flare project

user avatar

by dapp_writer005

3 years ago

DeFi protocol Flare on BNB Chain has been attacked by scammers. As a result, nearly 18 million BUSD and 4,000 BNB were stolen. Blockchain security company PeckShield noted that the protocol token has collapsed to zero. Also, experts noted the effect of the rug pull fraudulent scheme.

The hackers managed to transfer part of the stolen funds to the Tornado Cash service.

The hacker started a dialogue with the Flare team through transactions. In the messages, he asked for information about the project and confirmed that this is not a scam. The developers gave a response in which they noted the importance of returning stolen funds to users and restoring security. They offered the hackers to resolve all issues via email.

Last week, it became known that about $4 million was stolen from DFX Finance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

MetaComp Explained: Regulated Clearing and Settlement Platform for Digital Markets

chest

An in-depth overview of MetaComp, a regulated blockchain platform providing institutional-grade clearing, settlement, and infrastructure for digital asset markets.

user avatarElena Ryabokon

A complete immersion in the pirate universe of The Seven Seas with real rewards

chest

The Seven Seas is a Web3 strategy game in a pirate universe that goes beyond a regular game. It creates a full-fledged digital ecosystem where players, as captains, not only explore the seas but also own unique assets.

user avatarMax Nevskyi

Cascade Platform Explained: How a Multi-Asset Neo-Broker Works

chest

An in-depth overview of Cascade, a neo-broker platform enabling 24/7 trading of crypto, synthetic assets, and traditional markets through a unified margin account.

user avatarElena Ryabokon

Real Finance Explained: How the Web3 Financial Simulation Game Works

chest

An in-depth overview of Real Finance, a blockchain game with financial simulation mechanics, covering gameplay, economy, strategy, risks, and long-term Web3 potential.

user avatarElena Ryabokon

LayerBank: Omni-Chain DeFi Lending Protocol, ULAB Token and Key Risks

chest

LayerBank is an omni-chain DeFi money market enabling lending and borrowing across multiple blockchains, featuring E-Mode, ULAB tokenomics, liquidity incentives and risk management mechanisms.

user avatarAlexandra Smirnova

FrexPay: International Money Transfers Using Blockchain and Stablecoins

chest

Frex (FrexPay) is a fintech platform for international money transfers that uses blockchain and stablecoins to speed up settlements, reduce fees, and provide transparent exchange rates across borders.

user avatarAlexandra Smirnova

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.