Cryptocurrency [loss] $10M+

Tweet by PeckShieldAlert

2022-01-03 [vendor] ArbixFinance [chain] bsc
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

  1. 2022-01-03 Breach occurred
  2. 2022-01-03 Publicly disclosed