The organization’s representatives contacted the attackers and offered a “maximum reward” if they return the stolen funds

Hackers hacked the Qubit Finance project and stole $80 million

28.01.2022 - 09:20

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1 min

What’s new? Hackshield, a cybersecurity and audit firm, has reported that the attackers withdrew funds worth $80 million from the pool of the DeFi-project Qubit Finance. The hackers managed to gain unrestricted access to the QBridge bridge of the lending protocol.

What do the project’s creators say? The company has confirmed the hack and said that the stolen funds are already being traced. The organization’s representatives have contacted the attackers and offered a “maximum reward” if they return the entire amount. A statement from Qubit Finance says:

“The hacker minted unlimited xETH to borrow on Binance Smart Chain. The team is currently working with security and network partners on the next steps.”

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