The Breakdown cover image

Hacks and Doxxing Raise Questions About CeFi Masquerading As DeFi

The Breakdown

00:00

BNB Chain - Has BSC Been Panned?

The hacker went straight into DeFi lenders and pledged the tokens as collateral. This spiked interest rates across various lenders. It looks like the hacker is unlikely to return to pay back the loan so they'll get liquidated after a while. Given infiltration into various decks, lending protocols and bridges will be tough to unravel.

Play episode from 04:07
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app