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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. The attack targeted a cross-chain bridge, which connects two or more blockchains, allowing for interoperability across the ledgers. Qubits Finance says it has “contacted the exploiter to offer the maximum bounty as set by our program””]

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

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