Binance Smart Chain's Meerkat Finance Closes One Day After Launch – Bits Media

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Проект Meerkat Finance на Binance Smart Chain закрылся через день после запуска - Bits Media

The project of decentralized finance Meerkat Finance on the Binance Smart Chain blockchain announced the theft of crypto assets for the amount $31 million. There are suspicions, that they could be stolen by the organizers of the project.

The startup closed just a day after the launch. The Meerkat Finance team reported in Telegram, that a hacker attack was committed on the vault, during which it was stolen about 13 Milln Busd and 73 000 BNB total $31 million. Then the tokens were moved to several addresses. Judging by
data BSCSCAN, blockchain observer Binance Smart Chain, The hacker changed the elements of the Meerkat smart contract, which determines the work of the project storage. This was completed through the Meeerkat developer account, who launched this smart contract.

It turns out, either attackers were able to take possession of his closed key, or the creators of the project themselves did it. After the incident, the platform site was closed, And the Meeerkat Finance account on Twitter was deleted. This leads to thought, that the second option is closer to truth. Binance cryptocurrency exchange specialists confirmed, that they noticed excessive activity on the Meerkat Finance service. Certik audit firms have been involved in the investigation, PeckShield и Slowmist.

Earlier, users became victims of another fraudulent project Defi Wine Swap, launched on Binance Smart Chain. But then the amount of stolen assets was much less, than this time - about $ 345,000. When Binance set the personality of the hacker, He agreed to return the stolen means. However, such investigations require significant material resources, Therefore, it is not always possible to predict, Whether the search will end with success.

Recall, that the main network of Binance Smart Chain was launched 1 september 2020 of the year. The network attracts developers with the ability to create Defi applications without reducing the speed of transactions and growing commissions.