In the latest news of the $130 million Defi hack of the BXH protocol, there is further information that the hack occurred due to network admin rights modifications. This allows the hacker to use this opportunity to transfer the assets of the project.
Chinese journalist Colin Wu has reported that the BXH protocol appears to give hackers easy access to funds. This led to one of the most convenient hacks in history.
This gave rise to the nickname “Stupid boy” in the Chinese community for the protocol because BXH has the same abbreviation as “BenXiaoHai” which means “Stupid boy” in Chinese language
There is also another interesting point. It is the founder of the company, Wang Xiaobin. There have been several misconduct in the news lately.
however When it comes to hacking BXH,
Wang Xiaobin has denied having any involvement in the incident. He also announced that $1 million in bounty will be awarded to anyone who can recover the protocol to retrieve the stolen funds.
On Saturday, the official Twitter of the BXH protocol alerted users about the upcoming hack. It is further noted that the hack is limited to BSC solely, assets in Ethereum, OEC and HECO are still safe, but the Defi protocol also calls for hackers to refund and offer a bounty if he agrees to do so
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