Electronic attacks these days have become much more dangerous than military attacks, as an entire country can be paralyzed by an electronic attack without causing losses, and this is at the level of countries. As for the black-hat hacker teams who specialize in stealing corporate money and harming others, all their concern is to get money and sow terror in the hearts of their victims.
Qubit Finance, a cryptocurrency loan platform, offers an intermediary service between different blockchains, which means that deposits made in one cryptocurrency can be withdrawn into another. The company has become the latest victim of the biggest hack of 2022 to date. In a statement posted on Twitter by the Qubit Finance team, they appealed to the hackers to negotiate with the team to minimize losses to the Qubit community and offered a maximum reward for the money back.
Analysis released by audit and cybersecurity firm CertiK indicates that the hacker exploited a vulnerability in Qubit’s smart contract token that allowed him to send a deposit of 0 ETH and withdraw approximately $80 million from the Binance smart-chain network in return.
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