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28 September 2021

Avalanche (AVAX) chain's Zabu Finance sees a $3.2 million exploit | CryptoSlate

Avalanche (AVAX) chain's Zabu Finance sees a $3.2 million exploit | CryptoSlate


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The exploited protocol confirmed that the hacker interacted with the blockchain contract and “successfully pulled out 4,5 billion Zabu tokens from Zabu Farm Contract, dumped all to Pangolin LPs and Trader Joe LPs of Zabu, stole around $600K.” .

“As all supply is reached in a bad way, we are burning all ZABU in Dev Wallet and Treasury Wallet,” announced the exploited protocol on Twitter

The Zabu team has announced a plan to return tokens to investors based on a snapshot from before the hack, while also seeking a solution for those that bought in after the exploit

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