The Blueberry decentralized finance protocol recently took action to halt its operations due to an ongoing exploit that posed potential risks.
In a statement released on February 23, the Blueberry Protocol Foundation urged users to withdraw their funds from its lending markets while efforts were made to swiftly pause the protocol. Users encountered difficulties accessing the platform, with reports of the front end being inaccessible.
Despite these challenges, Blueberry managed to halt the protocol within approximately 30 minutes, restoring functionality to its website and application. The protocol assured users that deposited funds were now secure from exploitation, promising further updates as more information became available.
Blueberry later updated that all the drained funds were intercepted by c0ffeebabe.eth and are now secure in the Blueberry multi-sig wallet, except for the validator payment.
The team is coordinating with security and communication experts to reach out to the validator to recover the remaining 91 ETH. Initially, 457 ETH was drained, but a white hat managed to rescue 366 ETH, returning it to the multi-signature wallet.
The protocol team emphasized, “Deposited funds are currently safe. Only three markets were affected and the large majority was already returned. Total validator payment (loss) is 91 ETH. We are getting in touch and aim for a full repayment to users as the goal. Protocol is paused.”
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