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Cryptopolitan
2020-02-18 16:50:29

Decentralized Lending protocol bZx hacked twice in a matter of days

Decentralized lending protocol bZx suffered two successful hacks in a matter of days that caused a loss of over 950,000. With this latest development, Decentralized finance (Defi) has taken a huge hit as the attacker was reported to have used multiple Defi protocols in his attempt. The first bZx hack The protocol was first compromised on February 14 when the team was at the ETHDenver industry event. Reportedly, the second attack took place on February 18. In the first attack, the attacker used multiple Defi protocols to swap large amounts of Eth and wrapped Bitcoin (wBTC) – an asset that

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