Attack on DeFi Protocol: Hundreds of Thousands of Dollars ETH Lost


One of the popular DeFi protocols, bZx has been hacked. It is reported that 350 thousand dollars of ETH was lost as a result of the attack.

Decentralized finance (DeFi) lending protocol bZx is reportedly attacked.

While the amount of lost ETH is not clear, bZx co-founder Kyle Kistner announced that some of the ETH was lost.

Kistner said they are working to identify the true cause of the problem, then a detailed explanation will be made and the remaining funds are safe.

Meanwhile, after the attack, bZx closed the Fulcrum platform.

According to the data provided by DeFi Pulse, in the last 24 hours, 3300 ETH worth approximately 900 thousand worth was removed from the bZx protocol. It is estimated that ETH worth $ 350,000 has been lost.

bZx is currently the seventh largest DeFi protocol. DeFi Pulse shows that the total amount of locked funds is around $ 15.5 million.

On the other hand, the attack had an interesting reflection on the Ethereum event ETHDenver organized in Denver. According to Decrypt, Hudson Jameson encountered strange silence when he called another co-founder of bZx, Tom Bean. Although Jameson called out a few more times, Bean did not appear in partnership. Bean was interested in the attack on bZx at the time. Also, the booth for Fulcrum and bZx at the conference was completely empty.


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