Vee Finance Suffers $35M Exploit on Avalanche Blockchain
- Vee Finance has lost $35 million on Avalanche blockchain.
- The hacking incident came days after Vee Finance launched its mainnet on the Avalanche network.
Decentralized finance (DeFi) protocol Vee Finance has fallen victim to hackers’ trap. Coming up with the news, Vee Finance announced that it has lost a whopping $35 million a few days after launching its mainnet on the Avalanche network.
Detailing more on the matter, on September 20, Vee Finance suddenly paused its services due to a suspicious attack on its network. A moment after that, Vee Finance came out and confirmed that they are truly experiencing the attack on their platform.
In effect, the hacker stole 8,804 Ether (ETH) and 214 Bitcoin (BTC). This amounts to the aforementioned $35 million that was lost. Based on the Vee Finance announcement, the hacker had a stolen asset on one address after it exploited the Vee Finance Read more: https://coinquora.com/vee-finance-suffers-35m-exploit-on-avalanche-blockchain/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
