$24 Million Worth Of Stablecoin Looted

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$24 Million Worth Of Stablecoin Hacked

 

According to sources $24 Million of stablecoin has been looted by the hackers after they hacked into the system of Harvest Finance, which is based on DeFi.

 

  • This caused a whopping more than 13X rise in the volume of Uniswap (UNI), this was done by hackers to fool the system as they were engaged in transferring the funds to themselves. 

  • As of now, According to Harvest Finance, they have identified the hacker and will try to talk it out by any settlement with the hackers. 

  • The DeFi based Harvest Finance is confident that they will get the stolen amount back without any issues as they claim that they are talking it out with the hacker and are going to get it all sorted by talking. 

Hacker's are a big problem for the beauty of the this cryptocurrency world as this kind of things are getting bigger in number, cryptocurrency platforms are also getting themselves equipped with greater security systems. 

 

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