Defi platform qubit finance begs hacker

defi platform qubit finance begs hacker



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Qubit Finance took to Twitter last night to beg hackers to return more than $80 million in stolen cryptocurrency this week. On Thursday, the DeFi platform said their protocol was exploited by a ...

On January 27, hackers stole 206,809 binance coins worth $80 million, according to the platform. The day after the hack, January 28, Qubit Finance said it was in contact with the hacker (s) and ...

The hack exploited a flaw in the smart contract code used in an Ethereum bridge. Qubit Finance, a decentralized finance (DeFi) platform, has become the latest victim of a high-value theft, with ...

The decentralized money market platform Qubit Finance, which runs on the Binance Smart Chain, has been hacked for more than $80 million, it confirmed via tweet on ISMG Network BankInfoSecurity

The loss of funds has a profound effect on many people; Hacker stole 206,809 binance coins; It is worth more than $80M ; Losing $80 million worth of BNB tokens in a new hack, Qubit Finance joined the appalling rundown of taking advantage of DeFi conventions on Binance Smart Chain (BSC).

The hacker minted unlimited xETH to borrow on BSC. The team is currently working with security and network partners on next steps. We will share further updates when available. — Qubit Finance (@QubitFin) January 28, 2022. Qubit is a DeFi protocol that allows users to borrow loans against crypto collateral for fixed interest rates.

Seventh-largest DeFi hack. The process was repeated several times to increase the loot which totaled nearly $80 million, making this hack the seventh-largest according to DeFiYield's Rekt database. Qubit Finance is a lending protocol optimized to deliver lending as a utility for Binance Smart Chain.

The seventh-largest DeFi exploit, affecting Qubit Finance, which lost more than $80 million from the hacker's assault, tweeted the news. The hacker minted unlimited xETH to borrow on BSC. The team is currently working with security and network partners on next steps. We will share further updates when available.

DeFi platform Qubit finance lost $80 million after hackers leveraged a logical flow to deposit 0 ETH to withdraw 206,809 Binance coins. Platform implored the hackers to return the funds or transform the exploit into a bug bounty. ... Qubit finance said it was tracking the hacker and working with security networks and Binance. Additionally, the ...

Qubit Finance is trying to convince hackers to return more than $80 million in stolen cryptocurrency this week over Twitter. They also contacted the attackers and offered a reward if they return the money, but I don't really think that asking high-profile hackers for sympathy will make any difference. Still, it seems appreciating that at ...

Qubit is continuing to track the exploiter and monitor affected assets and has disabled a number of account management features until further notice. Hackers have stolen $80 million from DeFi protocol Qubit Finance, the firm confirmed on Friday. The attackers exploited the protocol to take 206,809 Binance coins through Qubit's QBridge deposit ...

Qubit Finance took to Twitter last night to beg hackers to return over $80 million worth of stolen cryptocurrency this week. Thursday, the DeFi platform announcement that its protocol was exploited by a hacker. He ended up stealing 206,809 Binance tokens from Qubit's QBridge protocol, worth over $80 million. according to PeckShield.

Qubit Finance took to Twitter last night to beg hackers to return more than $80 million in stolen cryptocurrency this week. ZDNet reports: On Thursday, the DeFi platform said their protocol was exploited by a hacker who eventually stole 206,809 binance coins from Qubit's QBridge protocol, worth more than $80 million according to PeckShield.

The Qubit team has offered the hacker a $250,000 prize in exchange for the stolen cash, as part of the protocol's continuing bug bounty programs with ethical hacking platform Immunefi. Additionally, the Qubit team attempted to contact the hacker in another post in order to negotiate. According to statistics from DeFi Yield, the Qubit Finance ...

Qubit Finance took to Twitter last night to beg hackers to return more than $80 million in stolen cryptocurrency this week. On Thursday, the DeFi platform said Their protocol was exploited by a hacker who eventually stole 206,809 binance coins from Qubit's QBridge protocol, worth more than $80 million according to PeckShield.An hour after the first message, the company explained that they ...

Qubit Finance took to Twitter final night to beg hackers to return more than $ 80 million in steal cryptocurrency this week. On Thursday, the DeFi platform said their protocol was exploited by a hacker who finally stole 206,809 binance coins from Qubit 's QBridge protocol, worth more than $ 80 million according to PeckShield.

In what's being called as the biggest cryptocurrency heist of 2022, cyber criminals have stolen crypto assets worth $80 million (Rs 600 crores approx.) from decentralised finance (DeFi) platform Qubit Finance. According to ZDNet, the company contacted the hacker and offered them the maximum bug bounty in exchange for a return of the funds.

According to a tweet from DeFi protocol Qubit Finance, a hacker has stolen some 206,809 BNB tokens from its cross-chain bridge platform called QBridge. The tokens are currently worth about $80 million as of the time of writing this report. Qubit disclosed details regarding the incident in the early hours of Friday, January 28, 2022.

All the assets are still in the hacker's wallet, and Qubit team has reached out to Binance and other security partners on the matter. Decentralized money market platform Qubit Finance confirmed on Friday its Ethereum-BSC bridge was exploited on January 28 due to an erroneous code in the bridge's contract. About $80 million in crypto assets ...

Qubit Finance took to Twitter final evening to beg hackers to return greater than $80 million in stolen cryptocurrency this week. On Thursday, the DeFi platform stated their protocol was exploited by a hacker who finally stole 206,809 binance cash from Qubit's QBridge protocol, value greater than $80 million in line with PeckShield.

snapchat. High-profile heists or hacks are becoming more common in the cryptocurrency world, and Qubit Finance is the most recent decentralised finance (DeFi) platform to be targeted by hackers ...

The loss of funds has a profound effect on many people; Hacker stole 206,809 binance coins; It is worth more than $80M Losing $80 million worth of BNB tokens in a new hack, Qubit Finance joined the appalling rundown of taking advantage of DeFi conventions on Binance Smart Chain (BSC).




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