BadgerDAO Released the Details of the $120 Million Stolen by the Hacker Attack

Published by BingX Official at 2021-12-13

Today’s Cryptocurrency Headline

On December 11, DeFi platform BaderDAO released the details regarding the $120 million that was stolen in the hacker attack. BadgerDAO stated that the phishing incident which occurred on December 2 was caused by “a maliciously injected snippet” from Cloudflare. The hacker used a compromised API key that was created without the knowledge or authorization of Badger engineers to periodically inject the malicious code that affected a portion of its customers. Badger has since fixed the exploit of Cloudflare, updated the account password and the API keys as much as possible. Badger hired cybersecurity firm Mandiant and blockchain analysis firm Chainalysis to investigate the exploit.

BingX’s Bitcoin Chart

Source: TradingView& BingX

The number of Bitcoin non-zero addresses hit a record high of 39,271,273 on December 12. BTC price has rebounded to $50,000 price level while the price of ETH is back up to $4,100. From a technical perspective, Bitcoin needs to begin closing daily candles back above $52,000 to prevent the continuation of the downtrend.

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