Cybersecurity
Hackers Seize $80 Million From Qubit in Latest DeFi Attack
- Breach highlights security, growth of blockchain ‘bridges’
- Latest in a string of hacks on crypto trading platforms
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More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency trading marketplaces.
A blockchain extension by Qubit Finance, a DeFi lending firm, was exploited by a hacker on Thursday night, according to a company release. The add-on known as X-Bridge allows people to exchange tokens between Ethereum and Binance Smart Chain, two of the most popular blockchains.