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  2. Cryptocurrency Ecosystem
  3. Binance Smart Chain + Ecosystem
  4. $50M reportedly stolen from BSC-based Uranium Finance

$50M reportedly stolen from BSC-based Uranium Finance

anthonypomppompliano
2022-10-21 06:29:16

Uranium Finance joins the growing list of hacked projects on the Binance Smart Chain network. Uranium Finance, an automated market maker platform on the Binance Smart Chain, has reported a security incident that resulted in a loss of about $50 million. Tweeting on Wednesday, Uranium revealed that the exploit targeted its v2.1 token migration event... See more for yourself here.

Post Reply  
bellawilson
2022-10-21 06:35:32
Another theft that will only serve to question the reputation of cryptocurrencies... I've always wondered how much money from their annual budget these projects spend on security, that information is not public, but after seeing another case, it seems that the security budgets are not high enough. Maybe from now on they will do things differently.