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DeFi Platform Qubit Finance Hacked for $80 Million

Qubit Finance, which runs on the Binance Smart Chain, was hacked for more than $80 million. Experts say it is the seventh-largest DeFi hack of 2022, according to data from DeFiYield. The DeFi space has been a primary target among cybercriminals in recent months. According to industry tracker DeFiPulse, nearly $77.5 billion is locked across these platforms. The attack highlights the importance of cross-chain bridges that facilitate interoperability between blockchains, experts say.”]

Source: https://www.bankinfosecurity.com/defi-platform-qubit-finance-hacked-for-80-million-a-18406

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