$80 Million Cryptocurrency Hack

In recent days, when such news has increased considerably, another $ 80 million cryptocurrency hack has occurred. Cryptocurrency fraud news is increasing day by day, and the amounts lost have started to increase.

Qubit Finance Hacked

Qubit Finance, one of the important bridge platforms that offer transfers between different blockchains in the cryptocurrency world, was hacked during the week. It was announced that the platform, which also offers operations such as savings and dividend distribution, was hacked due to a flaw in the QBridge protocol. The hackers created massive xETH collateral, making it appear as if they had deposited a total of 77,000 qXETH bridge Ethereum into the contracts. He then converted and withdrawn them as 206,809 BNB coins. There was a total loss of 80 million dollars. The hack is stated to be the seventh major hack in DeFi history. Qubit Finance has stopped all pool operations and it is stated that the extracted assets are being tracked. A message was also issued to the hacker and a reward was offered. However, it is not yet known whether the hacker will return what he stole.