Yet another DeFi protocol was exploited today. This time, it was the popular Bondly Finance. BONDLY's price is already 60% in the red.
It appears that the field of decentralized fianance (DeFi) continues to be a target for hackers, as yet another, and this time rather popular, project was exploited.
The protocol in question is Bondly Finance – a project intended to provide a payment infrastructure for the sale of digital businesses and assets.
In a tweet from a couple of hours ago, the team behind it revealed that the protocol has been compromised and that users are advised to halt all trading immediately.
Attention Bondly Community:
Unfortunately, we have been compromised by an unknown party.
We would like to take this time to advise you to STOP TRADING BONDLY.
Rest assured we have already taken action and will be operating as usual ASAP.
At the time of this writing, there’s no further information available on the project’s official Twitter account or across their Telegram groups, and the community is waiting for updates.
As a direct consequence of the announcement of the exploit, the price for the ecosystem’s native token, BONDLY, has crashed by more than 60% in a matter of hours.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
