Avalanche Fails To Deliver Security, ZABU Price Tanks
- Avalanche blockchain faces a cyber attack.
- Zabu Token (ZABU) pays the price.
- The attacker siphoned $3.2 million and stole $600,000.
The price of Zabu has fallen and fallen hard. Zabu Finance — the DeFi application on Avalanche saw a cyber attack. Thus, the price of ZABU now lies at $0.00004.
A total of $3.2 million was siphoned away from one of Zabu’s SPORE Pools. A tweet from Zabu requesting help came soon after the attack.
Zabu Finance then made a follow-up tweet explaining what happened exactly. They said that Zabu is being exploited and that users should withdraw their assets or risk having the attacker get to it.
We’ve been exploited today. What happened?
Everything was from a Pool of $SPORE Token -> https://t.c...
Read more: https://coinquora.com/avalanche-fails-to-deliver-security-zabu-price-tanks/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
