news

bitcoin

1 X bitcoin bitcoin =

Tuesday

28 September 2021

Avalanche-Based Decentralized Finance Protocol, Zabu (ZABU) Hacked

Avalanche-Based Decentralized Finance Protocol, Zabu (ZABU) Hacked


smart summary beta

What’s more, the team says the attacker successfully deployed the cchain.explorer.avax.network/address/0x5c9A contract and stole 4.5 billion ZABU tokens from the Zabu Farm Contract, before proceeding to dump the assets on the Pangolin and Trader Joe liquidity pools of ZABU and withdrew $600k.

At a time when rug pools and exit scams are increasingly becoming a thing in the world of decentralized finance, Zabu has made efforts toproveto its users that the heist was not an inside job .

We will snapshot pre-hack users and distribute Zabu V2 tokens and restart V2 Farm with a Zabu V1 staking pool,” declared the team, adding “this will enable people who lost money pre-hack to get the tokens and continue supporting the protocol if they want.”

Goto Full Article

bitcoin bitcoin price

$41776.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Article Metadata

author

site

btcmanager.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2021