$55M Stolen As DeFi Protocol bZx Is Compromised Again
Portfolio Pulse from Adrian Zmudzinski
The DeFi protocol bZx has been compromised, resulting in the theft of $55 million in cryptocurrencies. The breach involved the compromise of a private key held by the bZx development team. The stolen funds include personal losses from the team wallet, with only the Polygon and Binance Coin wallets affected, while the Ethereum-based service remains unaffected. This is the third security breach for bZx, following previous incidents in 2020.
November 05, 2021 | 8:04 pm
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bZx's native token BZRX has been affected by a security breach, leading to a 14.90% drop in its price. The breach involved the theft of $55 million, marking the third security incident for bZx.
The security breach directly impacts the bZx protocol and its native token BZRX, causing a significant price drop. The repeated security issues raise concerns about the protocol's reliability.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100