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19 September 2021

Zabu token price flatlines after $3.2M attack on Avalanche blockchain

Zabu token price flatlines after $3.2M attack on Avalanche blockchain


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Zabu Finance announced the exploit by asking for help from Avalanche and popular Avalanche-hosted decentralized exchanges such as Pangolin and Trader Joe:.

Based on further investigation, Zabu found the attacker stole the assets from a pool of Spore tokens which, according to the blockchain explorer, included 402.9 WETH, 23,157 WAVAX, 21,501 PNG, 106,848 AVE, 361,267 USDT and 23,958.93 JOE, all amounting to $3.2 million at the time of exploit.

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cointelegraph.com

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