Binance Smart Chain Developers: "Attacks on DeFi are planned and well organized" – Bits Media

In connection with the increasing frequency of hacks of DeFi protocols based on the Binance Smart Chain, the developers urged the creators of the projects to carry out multi-level checks.

Recently, Binance Smart Chain blockchain (BSC) became the "epicenter" of hacker attacks on Defi projects. They are one by one become victims of attackers, using errors in codes. This year, Pancakebunny projects have already suffered from hackers., Cream Finance, bearn, Bogged Finance, Uranium Finance, Meerkat Finance, SafeMoon, Spartan Protocol и Burgerswap.

Recently, the Belt Finance protocol also replenished this list, who lost about the weekend 50 million BUSD. Binance Smart Chain developers suggested, that these hacker attacks can be interconnected.

“Recently, eight attacks were made using fast loans. We believe, that this is the work of the hands of well -organized hackers, aimed at Binance Smart Chain. Now the BSC community is going through difficult times, Therefore, we urge the developers of decentralized applications to always be on the alert and take the necessary measures to prevent risks. ", –
Wrote BSC developers on Twitter.

They suggested, So that the creators of Defi protocols interact closely with audit companies and repeatedly check the performance of their system. If the startup is the fork of another project, Do not neglect double, And if necessary, and triple code check in smart contracts. Besides, Binance Smart Chain developers recommended projects to draw up a plan of action in unforeseen situations and think over the compensation program, If you have to reimburse users loss after hacker attacks. For these purposes, you can create special reserve funds.

Recall, that last week the analytical company Ciphertrace added support for Binance Smart Chain to track suspicious transactions in this network. Developers hope, that this will increase confidence in Binance Smart Chain.