• 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

What Is Perpetual Protocol — How Decentralized Futures Trading Works in DeFi

chest

A detailed overview of Perpetual Protocol: how the platform works, PERP token utility, economy, and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Sidus Arena Review — Gameplay, Tokens, Economy and Web3 Mechanics Explained

chest

A detailed overview of Sidus Arena covering gameplay, tokens, and economy. Learn how this Web3 PvP game and the SIDUS ecosystem are structured.

user avatarElena Ryabokon

What Is Realm Hunters? Full Guide to the Web3 Game, Tokens, and Mechanics

chest

A detailed overview of Realm Hunters: gameplay, mechanics, tokens, and in-game economy. Learn how the Web3 game works and its future potential.

user avatarElena Ryabokon

What Is GMX? Full Guide to the DEX, GLP Pool, and Leverage Trading

chest

A detailed overview of GMX: how the platform works, GLP liquidity model, leverage trading features, and key advantages and risks of a decentralized exchange.

user avatarElena Ryabokon

What Is dYdX? Full Guide to the Platform, DYDX Token, and dYdX Chain

chest

A detailed overview of dYdX: how the platform works, features of dYdX Chain, the role of the DYDX token, and key advantages and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Project Red Review: Gameplay, Tokenomics, and Web3 Game Technology

chest

In-depth overview of Project Red, a Web3 game with NFT assets, token economy, and metaverse elements. Explore gameplay, technology, and future potential.

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.