Attackers stole $80 million from Qubit Finance users
Hackers hacked the DeFi project Qubit Finance and withdrew $80 million worth of tokens from its pool. This text is from project CryptoDeFix. It was reported by the audit and cybersecurity company PeckShield. The project's management confirmed the fact of hacking and said that the development team is tracking the stolen funds. It also contacted the attackers and offered a “maximum” reward for the return of stolen funds.
The protocol was exploited by;— Qubit Finance (@QubitFin) January 28, 2022
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.
After the project was hacked, the value of the token fell by 25%, to the mark of $0.004. The cryptocurrency is trading 99% below its all-time high of $0.58 set last September.