BadgerDAO Protocol Has Been Hacked!

BadgerDAO protocol has been hacked. BadgerDAO was generating revenue through Bitcoin.

BadgerDAO, which is one of the projects that brings Bitcoin to decentralized finance and provides income to its users via Bitcoin, was hacked. According to the information provided by blockchain data and security company PeckShield, $120.3 million in crypto assets have been stolen so far. It is said that 2100 Bitcoin and 151 Ethereum were seized by hackers. BadgerDAO, a protocol where users can connect their Bitcoins to smart contracts via a bridge via a bridge and access DeFi applications by obtaining “wrapped Bitcoin”, has various “vaults” as in Ethereum. According to the return generation strategies in these safes, users can earn a certain amount of income for the Bitcoins they lock. In the statement made by BadgerDAO on the subject in the morning hours of TSI, it was stated that users complained about shooting movements without their permission and all smart contracts were stopped. The following statements were used in the description: "Badger has received complaints from many users that there have been unauthorized shootings. As a result of the investigation by Badger engineers, all smart contracts have been suspended to prevent further shootings." A Badger engineer named Tritium also made the following statement on his Discord channel: "It looks like some users' vaults have been taken control and assets have been allowed to go to certain addresses. As soon as we realized this, we froze all the vaults and are currently investigating where the approvals came from, how many people used them, and next steps."