DeFi project DFX Finance (DFX) announced that it lost $4 million as a result of an anonymous hack.
In the cryptocurrency market, hacking and phishing attacks are incessant. In the past year alone, nearly a billion dollars have evaporated from the cryptocurrency industry. The reason for this was that the projects did not take adequate security measures. It was also noteworthy that the vulnerabilities increased gradually in the adopted and developing blockchain technology. Many crypto projects have stepped up their work just to solve these events. Finally, DFX Finance, which provides DeFi and exchange services, lost 3,000 Ethereum (ETH) in the hack attack.
DFX Finance Confirms Hack Attack
DFX Finance (DFX), which serves the crypto market with a value of $ 4 million, stated that it stopped its transactions after the hack attack.
The DFX team learned of the attack about half an hour later. Taking action after the attack, the team stopped all DFX contracts. However, this move was not enough to prevent money from being smuggled out of the network.
The hacking attack revealed by PeckShield was also confirmed by the DFX team. PeckShield announced that DFX Finance was hacked and lost 3,000 ETH. In the event based on the data, Tornado Cash was used for the outflow of money.
The DFX team will systematically open withdrawals. In this way, it aims to gain the trust of investors who have money inside.
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