THELOGICALINDIAN - The activity is in acquaintance with Binances aegis aggregation but the funds accept already been beatific to aloofness agreement Tornado Cash
Yet addition DeFi activity on the Binance Smart Chain has collapsed to hackers. This time, Uranium Finance was drained of added than $50 million.
Uranium Finance Joins List of Hacked Projects
The attackers exploited a bug in Uranium Finance’s acute arrangement to bandy a distinct badge for about all added tokens in the protocol’s clamminess pool.
Though Uranium is a angle of SushiSwap, addition accepted decentralized barter on Ethereum, the protocol’s aggregation didn’t accurately acclimate the code. This larboard the agreement accessible to attack.
While the aggregation accolade to application the vulnerability, the hacker sent the baseborn funds to the Ethereum network, exchanged them for ETH, and beatific it to the privacy-preserving mixer Tornado Cash.
The accomplishment occurred during Uranium’s clearing to its v2 upgrade. The aggregation is in the action of contacting law administration and is currently allied with Binance’s aegis team.
This is not the aboriginal drudge on the Binance Smart Chain. Many protocols accept been exploited lately, either by hackers like Uranium Finance or by its founding team, as was the case for crop agriculture agreement Meerkat Finance.
Disclaimer: The columnist captivated BTC, ETH, and several added cryptocurrencies at the time of writing.
