Unknown withdrew 13 million BUSD and 73 thousand BNB from the project pools. Meerkat’s social media accounts have been removed and his site is now unavailable.
The team of the DeFi protocol Meerkat Finance based on the Binance Smart Chain blockchain reported that hackers stole assets worth $ 31 million from its pools, Chinese journalist Colin Wu writes about this, with reference to the developers’ announcement published in the official Telegram channel of the project.
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- At about noon Moscow time, the Meerkat Finance team reported that the project’s smart contract was hacked and hackers allegedly took 13 million BUSD and 73 thousand BNB out of its pools. Subsequently, the assets were distributed among several cryptocurrency wallets.
- According to The Block, an unknown person, using a developer account, made changes to the Meerkat smart contract, which is responsible for the “business logic of the project repository.” It turns out that either the hacker somehow gained access to the private keys, or the changes were made by the developers themselves.
- Meerkat users are leaning towards the latter option. The idea that an exit scam has occurred is also prompted by the fact that the project’s Telegram and Twitter accounts have been deleted, and its website is currently unavailable.
- In the Chinese Telegram channel Binance, a representative of the exchange said that it noticed anomalous activity in the protocol and was already investigating the incident together with specialists from the auditing companies Certik, PeckShield and Slowmist.