Binance Smart Chain Defi Project Hacked For $31 Million 2022. Some within its community claim that the whole thing was a “rug pull” scam. The project is the yield farming project meerkat finance the post a defi project on the binance smart chain hacked:
Binance Smart Chain DeFi Project Hacked for 31 Million from thecoinrise.com
Meerkat finance on binance smart chain has allegedly run off with more than $31 million in a bold hack. Yeah, it was clearly a scam. Among the most serious are the $31 million meerkat finance hack in march 2021, the uranium.
In 2021, Several Defi Projects On Binance Smart Chain Suffered Major Hacks Or Exploits.
The attack, which took place on the binance smart chain, ethereum and polygon, siphoned off. Mar 4, 2021 mar 4, 2021. The leading community for cryptocurrency news, discussion, and analysis.
The Hackers Implemented A Change In The Ownership Of The Smart Contract Address On Meerkat Finance At 9 Am Utc.
The project is the yield farming project meerkat finance the post a defi project on the binance smart chain hacked: The project was subsequently drained by about 13 million busd and about 73,000 bnb, which in total are now worth $31 million. This time, uranium finance was hacked and stolen over $ 50 million.
Since The Launch Of Binance Smart Chain In September 2020, The Chain Has Become Infamous For The Number Of Hacks, Exploits, And Rug Pulls That Have Taken Place On It.
Binance chain defi project ‘loses’ $31 million a day after launch while the protocol’s developers keep quiet, the defi protocol’s community is calling it a rug pull. The project, as mentioned, focuses on yield farming for. Just a day after launching on the binance smart chain, decentralized finance project meerkat finance today put out a message saying that hackers stole $31 million from the wallets.
The Yield Farming Project Meerkat Finance, Which Is One Of The Defi (Decentralized Finance) Applications That Runs On The Binance Smart Chain, The Exchange’s Proprietary Blockchain, Was Hacked A Short While Ago.
The hack exploited a flaw in the smart contract code used in an ethereum bridge. In 2021, several defi projects on binance smart chain suffered major hacks or exploits. Another defi project on binance smart chain has fallen into the hands of hackers.
Yeah, It Was Clearly A Scam.
Decentralized finance project meerkat finance has claimed it was drained of $31 million in crypto assets just one day after launching on the binance smart chain. Critics say that it’s centralized, and thus not in. In 2021, many defi projects on the binance smart chain suffered hacks or major exploits.
