DeFi Platform bZx Loses $8 million in Third Hack in 2020


bZx which was recently re-launched following a series of hack in February has been recently hacked for the third time. According to a by AMBCrypto, the third hack represents 30% of the total value locked in the DeFi protocol. Losing $8 million in the most recent hack, the DeFi lending protocol has now lost about $10 million to hacks in 2020.

The first hack happened on the 14th of February while the second occurred on the 18th of the same month.

Regarding the latest hack, the company released an , giving a detailed technical explanation on the hack. In an attempt to prevent further occurrences, chief technology officer Antov Bukov noted the fix in a twitter :

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