• 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

Stargate Finance Overview — LayerZero Technology, Unified Liquidity, and the Future of Cross-Chain DeFi

chest

Stargate Finance is a LayerZero-powered cross-chain protocol focused on liquidity transfers, DeFi integrations, and seamless multichain infrastructure.

user avatarElena Ryabokon

Socket Protocol Overview — Chain Abstraction and Cross-Chain Infrastructure in Web3

chest

Socket Protocol is a Web3 infrastructure project focused on chain abstraction, cross-chain liquidity routing, and building seamless multichain applications.

user avatarElena Ryabokon

Chainflip Overview — Decentralized Infrastructure for Native Cross-Chain Asset Swaps

chest

Chainflip is a Web3 protocol for native cross-chain swaps between Bitcoin, Ethereum, Solana, and other blockchains without wrapped tokens or centralized bridges.

user avatarElena Ryabokon

Router Protocol Overview — Cross-Chain Liquidity Routing and Web3 Infrastructure

chest

Router Protocol is a Web3 infrastructure project focused on cross-chain transfers, liquidity routing, and blockchain interoperability through Router Nitro and Router Chain.

user avatarElena Ryabokon

Hyperbridge Overview: Architecture, Security, and the Future of Trustless Interoperability

chest

Detailed overview of Hyperbridge, including protocol architecture, ISMP, light client verification, trustless interoperability, and its role in the multichain Web3 ecosystem.

user avatarElena Ryabokon

LayerZero Labs Overview: Architecture, Security, and the Future of Omnichain Web3

chest

Detailed overview of LayerZero Labs, including protocol architecture, omnichain applications, OFT technology, security model, DVNs, and its role in Web3 development.

user avatarElena Ryabokon

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.