BlueBenx crypto platform suspends withdrawals due to $32 million hack

Some customers believe that information about the hacker attack may be part of a scam scheme since its details were not provided

15.08.2022 - 08:15

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What’s new? BlueBenx, a Brazilian crypto lending platform, has blocked withdrawals for its users after an alleged hack resulted in the theft of about $32 million. In addition, it is reported that most of the platform’s employees have been laid off. Cointelegraph writes about it, citing local media.

News on the Cointelegraph website

What is known about the incident? On August 14, the platform reported a temporary suspension of operations. Later, the company’s lawyer Assuramaya Kuthumi stated that BleuBenx faced a hacking attack and that the damage was $32 million. However, users questioned the veracity of this report, as details about the hack were never published.

According to Brazilian media outlet Portalo do Bitcoin, an anonymous investor said that there is a strong possibility of a scam: “this whole hacker attack story seems like a lot of bullsh*t, something they invented.”

BlueBenx, a fintech company, was founded in 2017. It received a license from the Central Bank of Brazil in 2020. It also has branches in the US, Portugal, and Estonia. Before the hack, BlueBenx was promising users returns on crypto investments of up to 66% per annum. At the time of the freeze, the platform had about 22 000 customers.

In July, the Celsius platform, one of the largest crypto-lenders, declared its right to most of the customer funds. This was reported by the company’s lawyers during the consideration of its bankruptcy case.

For more details on how Celsius lost its customers’ hundreds of millions of dollars on high-risk schemes, see GetBlock Magazine’s editorial.

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