Another cryptocurrency platform called Bent Finance has been hacked, investors were asked to take their money out until the exploit is fixed with new updates.
Bent Finance first found out about the hack on Monday, around 8:55 PM EST. At that time, the company said there had been no money lost.
However, the community thought PeckShield, a blockchain researcher, was pulling a rabbit out of a hat when he said he had found the source of the hack transactions.
We see the same and are working on it right now, said Bent Finance. The team hired two white hat developers to help them better understand what was happening. The company said soon after:
1/ There was an exploit from the bent deployer address, it added balance of cvxcrv and mim to an address on an unvierifed update 20 days ago. We just discovered this today. There are multiple members on this team and we will make this right.
— Bent Finance 🌈🦄 (@BENT_Finance) December 21, 2021
Bent Finance keeps telling its pool investors to take their money out until the exploit is fixed with each new update. However, the company says it will get back all the money that was stolen from the Bent curve pool:
“We recommend you withdraw from the protocol until further notice. We are not going anywhere and will recover from this one way or another.”
About the hack
As of this writing, crypto fraud investigator and former member of the US Secret Service Joe McGill of TRM Labs says that the attackers stole about 440 Ethereum (ETH), which is worth more than $1.6 million at the time.
McGill’s investigation suggests that the attack has been going on since December 12, which is in conflict with Bent Finance’s findings, which say that the attacker has been on the network since December 1.
December exploitations
During December alone, five crypto companies lost more than $600 million because of a successful hack. These companies were Grim Finance, BitMart, and AscendEX. However, more research is being done to find out how much money was lost because of the Bent Finance hack.
December also saw a brief takeover of Indian Prime Minister Narendra Modi’s Twitter account, which was used to spread false information about Bitcoin’s (BTC) mainstream adoption in India.
Hackers from unknown sources took over the prime minister’s Twitter account on December 12 with more than 73.4 million followers. They also announced a 500 BTC giveaway for Indian citizens.
