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The attackers exploited a vulnerability in the logic of the Uranium balance modifier, increasing the project's balance by 100 times.
The Uranium Finance decentralized finance project based on the Binance Smart Chain blockchain fell victim to a cyberattack, as a result of which cybercriminals stole about $ 50 million.
The project developers planned to transfer the assets of liquidity providers to the new version of the protocol - 2.1. However, the hackers exploited a vulnerability in the logic of the Uranium balance modifier, increased the project's balance by 100 times, and gained access to user funds.
The stolen funds include 80 Bitcoin, 1.8 thousand Ether, 26.5 thousand Polkadot, 5.7 million Tether, as well as 638 thousand Cardano and 112 thousand u92 (the project's own cryptocurrency).
According to a Uranium spokesman, the problem has not yet been fixed, and users are advised to stop providing liquidity for the project and cash out their funds.
This is the second cyberattack on the Uranium project. Earlier in April, hackers hacked one of the platform's pools and stole about $ 1.3 million worth of Binance USD and Binance Coin.
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The Uranium Finance decentralized finance project based on the Binance Smart Chain blockchain fell victim to a cyberattack, as a result of which cybercriminals stole about $ 50 million.
The project developers planned to transfer the assets of liquidity providers to the new version of the protocol - 2.1. However, the hackers exploited a vulnerability in the logic of the Uranium balance modifier, increased the project's balance by 100 times, and gained access to user funds.
The stolen funds include 80 Bitcoin, 1.8 thousand Ether, 26.5 thousand Polkadot, 5.7 million Tether, as well as 638 thousand Cardano and 112 thousand u92 (the project's own cryptocurrency).
According to a Uranium spokesman, the problem has not yet been fixed, and users are advised to stop providing liquidity for the project and cash out their funds.
This is the second cyberattack on the Uranium project. Earlier in April, hackers hacked one of the platform's pools and stole about $ 1.3 million worth of Binance USD and Binance Coin.
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