• 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

Aden Protocol: How Professional On-Chain Derivatives Trading Works

chest

Aden is a decentralized Perp DEX with an order book and deep liquidity. Learn about its architecture, trading features, economic model, and long-term outlook.

user avatarElena Ryabokon

Ranger Finance Protocol: How Perpetual and Spot Liquidity Aggregation Works on Solana

chest

Ranger Finance is a Solana-based DeFi protocol aggregating perps and spot liquidity. Learn about its architecture, products, economic model, and growth outlook.

user avatarElena Ryabokon

HyEna Protocol: How Yield-Driven Perpetual Trading Works in DeFi

chest

HyEna is a Perps DEX built on Hyperliquid with yield-bearing USDe margin. Explore its architecture, economic model, trading features, and long-term outlook.

user avatarElena Ryabokon

StandX Protocol Explained — A DeFi Platform for Perpetual Trading and Yield-Bearing Margin

chest

StandX is a DeFi platform for perpetual derivatives trading with yield-bearing margin and a native stablecoin, DUSD. Learn how its architecture, economics, and ecosystem work.

user avatarElena Ryabokon

Variational Protocol Explained — Building On-Chain Derivatives Infrastructure for DeFi

chest

Variational is an infrastructure-level DeFi protocol for on-chain derivatives. Learn about its architecture, risk model, core mechanics, and long-term potential.

user avatarElena Ryabokon

Xverse Wallet Explained — How Bitcoin Web3 Works with Ordinals, BRC-20, and dApps

chest

Xverse is a non-custodial Web3 wallet for Bitcoin, Ordinals, and Stacks. Learn about its features, architecture, Sats Connect integration, 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.