Hackers Hacked the Qubit Finance Platform and Stole $80,000,000 – Thousands of Users Affected

DeFi platform Qubit Finance has been hacked and managed to steal tens of millions of dollars in BNB cryptocurrency.

Qubit Finance confirmed the fact of hacking on Twitter on January 28, 2022. At the same time, the team hopes to contact the hackers, as they asked them in the corresponding letter. The authors of the project reported that as a result of the exploit, thousands of users lost their funds.

A vulnerability in the bridge helped hack Qubit Finance. The attackers released unlimited xETH as collateral for a loan on the Binance Smart Chain network. The damage to the site amounted to $80,000,000.

A source: @peckshield