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Cryptopolitan 2020-02-16 01:18:57

DeFi setback: Hackers cart away $350k after tricking Fulcrum protocol

DeFi setback at bZx ETHDenver saw Fulcrum Protocol being exploited afresh. bZx, a decentralized finance (DeFi) project, was hacked during its ETH Denver presentation yesterday. The attacker was able to successfully hack various DeFi protocols simultaneously and steal three hundred fifty thousand dollars ($350K) from bZx. The amount represents around two percent of its total assets. The attack involved bZx Fulcrum protocol, which was later shut down by the company as a response to the hack. The pricing Oracle of bZx was the vulnerability that the hacker used to extract the cash from the protocol. As per sources, the company

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