Linked to the theft of funds from the BSC Token Hub bridge, the wallet faced the liquidation of three positions on the Venus Protocol platform. This was caused by a decrease in the price of BNB below $220, the loss of the attacker amounted to 5.64 million vBNB (~$53.2 million).
Data: X.
The wallet received funds after the incident in October 2022. He affected digital assets worth over $544 million. The hacker managed to withdraw only $100 million.
The mentioned vBNB was used by the attacker to obtain a loan of 30 million USDT.
On August 18, the capitalization of cryptocurrencies fell by 6.5% to $1.1 trillion. BNB price for the last 24 hours dropped by 5%up to $217.7.
Recall that analysts attributed the worsening market conditions to the sale of part or all of Elon Musk’s Bitcoin by SpaceX for $373 million. As other reasons, they called the recent increase in government bond yields and concerns about the stability of the real estate market in China.
Subscribe to ForkLog on social networks
Found a mistake in the text? Select it and press CTRL+ENTER
ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!
2023-08-18 15:18:34
#Hacker #linked #BNB #Chain #hack #loses #53M #due #liquidation #ForkLog
