Uranium Finance, a Binance Smart Chain-based decentralized finance (DeFi) project, says it suffered exploitation early Wednesday and lost $50 million.
Several tokens, including bitcoin and ether, were drained from the Uranium protocol, according to The Block Research’s Igor Igamberdiev.
Specifically, 80 bitcoin ($4.3 million), 1,800 ETH ($4.7 million), 17.9 million BUSD ($17.9 million), 5.7 million USDT ($5.7 million), 638,000 ADA ($0.8 million), 26,500 DOT ($0.8 million), 34,000 wrapped BNB ($18 million), and 112,000 U92 tokens, a native token of Uranium, were drained.
Uranium, which was launched this month, said the exploitation took place during the migration of its protocol to the V2.1 version.
Uranium is an automated market maker (AMM) protocol, forked from Uniswap V2, and claims to give daily dividends to its users.
„In our pools and farms, you’re rewarded with our U92 token, like every other DEX [decentralized exchange]. The difference is that we have created a second token
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