Cryptocurrency
[loss] $600,000
"Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear"
Primary Source ↗Financial Loss
$600,000
(600,000 USD)
Affected
750
individuals/accounts
Blockchain(s)
Bsc, Polygon
Incident Details
The yield aggregator Blur Finance rug pulled, taking more than $600,000 in assets from the BNB Chain and Polygon-based projects before deleting their website and social media accounts. The project had only been active for about a month, and had accumulated about 750 users on its original BNB Chain implementation, and on August 5 had announced their launch on Polygon. In the announcement, they boasted returns of over 4,000% APR.
Total loss estimated at $600,000.
Technical Details
- Initial Attack Vector
- Exit scam / rug pull
- Vendor / Product
- Blur Finance
Timeline
- 2022-08-10 Breach occurred
- 2022-08-10 Publicly disclosed