Cryptocurrency
[loss] $10M+
Tweet by PeckShieldAlert
Primary Source ↗Financial Loss
$10.0M
(10,000,000 USD)
Blockchain(s)
Bsc
Incident Details
Yield farming platform ArbixFinance was drained of at least $10 million, with some reporting amounts up to $32 million. Some optimistic users hoped it was a glitch, but the fact that the formerly-active @ArbixFinance Twitter account disappeared along with their website as the funds were being drained points to a rugpull. The platform had previously been audited and approved by CertiK in November, lending the project credibility in the eyes of prospective users.
Total loss estimated at $10,000,000.
Technical Details
- Initial Attack Vector
- Exit scam / rug pull
- Vendor / Product
- ArbixFinance
Timeline
- 2022-01-03 Breach occurred
- 2022-01-03 Publicly disclosed