Cryptocurrency [loss] $32M+

"People Behind Crypto Protocol DeFi100 May Have Absconded With $32M in Investor Funds"

2021-05-22 [vendor] DeFi100 [chain] bsc
Primary Source ↗
Financial Loss $32.0M (32,000,000 USD)
Blockchain(s) Bsc

Incident Details

DeFi100, a Binance-based DeFi protocol, suddenly replaced its website with a statement: “We scammed you guys and you can’t do shit about it”. One crypto analyst estimated a scam would’ve netted the team $32 million. However, the developers subsequently denied the scam and claimed the website had been hacked, restoring it soon after. Although the developers maintain they never stole any money, rumors around what actually happened sank the project.

Total loss estimated at $32,000,000.

Technical Details

Vendor / Product
DeFi100

Timeline

  1. 2021-05-22 Breach occurred
  2. 2021-05-22 Publicly disclosed