The protocol developers suspended the execution of all smart contracts and began an investigation into the hacker attack. BADGER token reacted with a fall of 16%
One of the users of the DeFi protocol Badger DAO lost more than $ 50 million (almost 897 BTC) as a result of a hacker attack, according to the analytical service PeckShield . According to analysts, the total damage from the hacking exceeds $ 120 million. The protocol developers reported on Twitter that they had suspended the execution of smart contracts and began an investigation into the incident.
The developers noted that they received many complaints about unauthorized withdrawals of user funds. So far, Badger DAO representatives have not disclosed the estimated amount of damage resulting from the hacker attack.
After it became known about the Badger DAO hack, the price of the protocol token (BADGER) fell by more than 16%. As of 01:35 PM UTC on December 2, BADGER was valued at $ 22.4. The capitalization of the project is estimated at $ 223 million, according to CoinGecko.