Blueberry protocol pauses lending amid $1.35m drain

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Fraudsters hacked the Blueberry DeFi protocol and suggested customers to withdraw cash.

The Blueberry mission staff shared of their put up X on Feb. 23 that they needed to cease work as a result of exploit.

Particulars of the exploit are being decided. The builders suggested customers to withdraw funds from the platform. Nonetheless, customers have reported withdrawal issues by Blueberry, noting that the front-end interface must be fastened.

“We’re pausing the protocol as shortly as potential.”

Blueberry staff

The Blueberry Protocol is a decentralized lending market that enables leveraged lending and borrowing as much as 20x the worth of the collateral.

Blueberry later added one other replace stating that each one leaked funds had been transferred to c0ffeebabe.eth and have been secure in Blueberry’s multi-sig aside from validator funds. A complete of 457 Ethereum (ETH) (round $1.35 million) was initially drained, however 366 ETH was rescued by the so-called “white hat” and returned to the multi-sig pockets.

“Deposited funds are presently secure. Solely three markets have been affected, and the big majority was already returned.”

Blueberry staff

Earlier in February, fraudsters hacked the PlayDapp blockchain gaming platform based mostly on Ethereum. In the course of the assault, the attackers mined 200 million PLA cash. In line with analysts, the explanation was the compromise of personal keys related to PlayDapp. They famous that the hackers added a brand new tackle, leading to 200 million PLA, or $31 million.

Nonetheless, the losses have been then up to date, and the platform lost over $290 million, marking the biggest hack since 2022. PlayDapp has paused the PLA sensible contract and proposed a migration plan to shift to a brand new PDA token for the community.

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