Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BSC-Based Bogged Finance Lost $3M to Hackers

Published 05/24/2021, 12:44 PM
Updated 05/24/2021, 01:00 PM
BSC-Based Bogged Finance Lost $3M to Hackers

  • Binance Smart Chain Bogged Finance has lost $3 million of its native token $BOG to attackers.
  • The lost $3 million represent half of Bogged Finance’s total liquidity.
  • The Bogged Finance incident came a week after PancakeBunny.
Binance Smart Chain protocol Bogged Finance has lost a whopping $3 million of its native token $BOG through a crypto phishing attack. Of note, the $3 million lost represents almost half of Bogged Finance’s total liquidity.

Coincidently, the Bogged Finance network hack came a week right after the BSC PancakeBunny exploit.

Based on the report, the Bogged Finance team saw the misfortune attack on their network on Sunday. Due to the misfortune, the BOG team has strongly warned users to stop trading BOG until they solve the issue at hand.

Timely, the BOG developer team worked smarter and mitigated the attackers’ ill-gotten action in 45 seconds. Even, with respect to the...

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.