Cryptocurrency [loss] $8M+

"DeFi tool FinNexus (FNX) plunges by 90% after hack—some allege an inside job"

2021-05-17 [vendor] FinNexus [chain] bsc, ethereum
Primary Source ↗
Financial Loss $7.6M (7,600,000 USD)
Blockchain(s) Bsc, Ethereum

Incident Details

A decentralized finance project called FinNexus was reportedly hacked for $7.6 million, in what was widely speculated to actually be a rug pull by the project’s developers.The theft appeared to have been enabled by someone who had access to the project’s admin key, and was able to change the token owner to an address where they then minted and withdrew tokens, amounting to a $7.6 million theft.

Total loss estimated at $7,600,000.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
FinNexus

Timeline

  1. 2021-05-17 Breach occurred
  2. 2021-05-17 Publicly disclosed