Stake and agriculture platform Bent Finance joins the list to become the sixth crypto establishment to be hacked in December. Upon recognition of the attack, investors were asked to withdraw their mutual funds and to disable bounty claims on the compromised platform.
Bent Finance first realized the exploit on Monday at approximately 8:55 p.m. EST, a timeline in which the company reported without loss of funds. However, the community suspected a pull event when blockchain researcher PeckShield allegedly located the source of the hacking transactions.
We have located the hack tx, which curiously is sent from Bent Finance: Deployer @BENT_Finanzas !!! What's going on?! https://t.co/3L4F1gcNYJ
- PeckShield Inc. (@peckshield) December 21, 2021
โYes, we see the same thing and we are working on it right now,โ Bent Finance said when the team appointed two independent white hat developers to better understand the unfolding situation. The company confirmed shortly after:
1 / There was an exploit of the doubled implementer address, added balance of cvxcrv and mim to an address in an update not verified 20 days ago. We just found this out today. There are several members on this team and we will fix it.
- Bent Finance (@BENT_Finance) December 21, 2021
Bent Finance continues to advise investors in its group to withdraw funds until the exploit is addressed with each update. However, the company has confirmed To recover all stolen funds from the bent curves group:
โWe recommend that you withdraw from the protocol until further notice. We are not going anywhere and we will recover one way or another. "
According to crypto fraud investigator and former US Secret Service member Joe McGill of TRM Labs, the attackers managed to steal approximately 440 Ethereum (ETH), valued at more than $ 1.6 million at the time of writing.
McGill's investigations implied that the attack has been ongoing since December 12, contradicting Bent Finance's recommendations. finding who suspects the presence of the attacker on the network since December 1.
In December alone, five crypto companies, including Shady finances, BitMart Y AscendEX - Cumulatively lost over $ 600 million as a direct result of a successful hack. However, more research is underway to identify losses from the Bent Finance exploit.
Bent Finance has not yet responded to Cointelegraph's request for comment.
Related: Indian Prime Minister Modi's hacked Twitter account tries to scam BTC
Parallel to ongoing exploits at crypto companies, December also witnessed a momentary compromise of Modi's Twitter account, which was used to spread misinformation about Bitcoin (BTC) widespread adoption in India.
As Cointelegraph reported, hackers of unknown origins took control of the Prime Minister's account on December 12 with more than 73.4 million followers to declare BTC legal tender in addition to announcing a 500 BTC giveaway for them. Indian citizens.
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