Cryptocurrencies
DeFi Platform BadgerDAO Says Cloudflare Flaw Led to $130 Million Heist
- Incident comes amid increase in crimes against DeFi platforms
- More than $9 million of stolen funds recoverable: BadgerDAO
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Decentralized finance platform BadgerDAO said a flaw in the account creation process of the software company Cloudflare Inc. led to the theft of $130 million in cryptocurrencies earlier this month.
BadgerDAO detailed how the hack took place in a blog post on Thursday, saying a phishing attack that occurred on Dec. 2 was a result of “maliciously injected snippet provided” by Cloudflare Workers, a serverless application platform that runs on its cloud network. The post, which was prepared by BadgerDAO and cybersecurity firm Mandiant Corp., said the Cloudflare flaw had been since been remediated.