Hackers stole $ 80 million as a result of hacking the Qubit Finance project

Posted 28 January, 2022

Hackers hacked DeFi project Qubit Finance and removed approximately $80 million worth of funds from its pool, cybersecurity and audit company PeckShield said. Representatives of the project confirmed the fact of hacking and said that they were tracking the stolen funds, and also contacted the attackers and offered the "maximum reward."



Source: Twitter

 

“The hacker issued an unlimited amount of xETH tokens, which were used as collateral for a loan on the Binance Smart Chain network. At the moment, the team with partners is working on the next steps,” Qubit Finance said in a statement.

After the project was hacked, the price of its token fell by 25%, to the current level of about $0.004, according to CoinGecko. The cryptocurrency is trading 99% below its all-time high of $0.58, which was set last September.

You can monitor the entire situation on the company's Twitter account: Qubit Finance (@QubitFin)

 

Update:

 

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