Post by francois on Mar 3, 2023 19:37:31 GMT 10
As per the PeckShield analysis, the project lost around $120 million due to the hack, which included 98.65 million BEUR tokens, worth around $108 million, and 113.8 million wrapped-ALBT (wALBT) tokens, worth around $11 million.
In another tweet, the official Twitter account of BonqDAO confirmed the hack, saying that an exploiter "increased the ALBT price and minted large amounts of BEUR. The BEUR was then swapped for other tokens on Uniswap. Then, the price was decreased to almost zero, which triggered the liquidation of ALBT troves."
In another tweet, the official Twitter account of BonqDAO confirmed the hack, saying that an exploiter "increased the ALBT price and minted large amounts of BEUR. The BEUR was then swapped for other tokens on Uniswap. Then, the price was decreased to almost zero, which triggered the liquidation of ALBT troves."