- Bad actors hacked BonqDAO to steal tokens worth nearly $120 million.
- Dumped tokens caused ALBT and BEUR to drop by over 50% and 34%, respectively.
- AllianceBlock promises to compensate users while reassuring smart contract safety.
The blockchain security firm PeckShield has reported an exploit on the decentralized autonomous organization, BonqDAO. An estimated $120 million was stolen in WALBT and BEUR tokens, leading to a drop in their values of over 50% and 34%, respectively.
The actor then walks away by withdrawing the illicit gains with 113.8M #WALBT and 98M #BEUR (valued >$10M). Some of these tokens are then dumped, resulting in major drop! #WALBT dropped by >50% and #BEUR dropped by 34% pic.twitter.com/HEYxrcaB5Y&mdas ...
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