Express

Lending Protocol Neko Network Was Attacked, Hackers Returned 2,871 BNB

Amy Liu

Summary: According to PeckShield's warning, the Neko Network, a lending protocol on Binance Smart Chain (BSC), was attacked. The attacker used the protocol loopholes to mortgage assets in the name of the user to generate loans, and sent the borrowed funds directly to the attacker’s own address. Neko Network’s lending function It has been suspended, and ...

According to PeckShield's warning, the Neko Network, a lending protocol on Binance Smart Chain (BSC), was attacked. The attacker used the protocol loopholes to mortgage assets in the name of the user to generate loans, and sent the borrowed funds directly to the attacker’s own address. Neko Network’s lending function It has been suspended, and all asset pools have been frozen to avoid more attacks. Users need to wait 24 hours before they can withdraw funds from the pool. The attacker has returned $1 million to the team address. 

The blockchain security team SlowMist stated that after analyzing the information on the chain, it is known that an attacker's address has obtained 2 million USDT, 390,000 BUSD and 1 BTCB. The attacker has used Pancake to exchange the stolen assets for 6,390 BNB. 2,871 BNB (approximately USD 1.12 million) was returned to the Neko Network team address.

By Amy Liu

Last Update:

Tags: ,,
Link: Lending Protocol Neko Network Was Attacked, Hackers Returned 2,871 BNB   [Copy]
  • Parallelized EVMs: The Solana Killer? 4 days ago
  • Bitcoin: The Ultimate Memecoin? 8 days ago
  • Memecoin Mania: Is it Here to Stay or Should You Avoid? 9 days ago
  • LayerZero vs Wormhole vs Axelar vs Chainlink: What’s the Best Interoperability Protocol? 12 days ago
  • Blockchain Platform Berachain Raises $69 Million At $1.5 Billion Valuation 13 days ago
  • You need to login to comment.