DeFi-platform Bzx Reveals Reason for $55 Million Loss Due to P | DeFi Protocol

DeFi-platform Bzx Reveals Reason for $55 Million Loss Due to Phishing Attack

The developers emphasize the fact that they were the victim of a phishing attack by hackers, the smart contract code did not have any bugs. The attackers sent an email with a Word file containing an infected macro, which caused the loss of seed phrases and private keys from the computer of one of the Bzx team members.

Based on the additional information they obtained, the hackers crafted the email in such a way that the developer was sure to open it and run the malicious code. The obtained keys gave the attackers access to the management of smart contracts on the Binance Smart Chain blockchain and Polygon network.

The attack did not affect the pools on Ethereum managed with DAO. The developers did not have time to include smart contracts on the Binance Smart Chain blockchain and Polygon network.