- BXH Protocol became the latest DeFi victim with a loss of $130 million.
- Earlier, Poly Network faced a DeFi attack and lost $600 million.
- Details with regard to the hack are yet to be revealed.
The BXH Protocol announced its latest DeFi attack on the Binance Smart Chain (BSC), with a loss of $130 million via Twitter.
The number of Defi protocols that have been hacked continues to expand, particularly on BSC, which was attacked earlier today by another decentralised transaction protocol, BXH. The attack was limited to BSC, according to the protocol’s official Twitter account, and assets on Ethereum, OEC, and HECO were safe.
Attackers were able to steal $130 million worth of assets from the protocol, according to the Slowmist security platform. BXH also provided the addresses used by hackers to steal the assets and requested that the account be frozen on all centralised exchanges and DEX platforms. They also demanded that the money be returned and promised a reward.
The amount of cryptocurrency stolen from BXH is second only to Poly Network, which was the victim of the greatest Defi breach, which resulted in the loss of assets worth over $600 million. While Poly Network was fortunate in that they were able to contact the hacker shortly after, who eventually decided to return the cash, but not before attempting to launder them through several DEX platforms.
BXH refused to reveal the details of the hack, despite the fact that flash loan attacks have been common on BSC, and many believe BXH was a victim.
It will be fascinating to see if BXH has the same experience as Poly Network and is refunded their funds.