It appears that the cryptocurrency lender Celsius Network was also affected by this week’s BadgerDAO hack. The company reportedly lost $ 55 million worth of packaged bitcoin (wBTC).
Hacker Steals $120 Million worth of wBTC
CryptoPotato reported over the week how hackers managed to steal around $120 million from BadgerDAO – a decentralized autonomous organization that allows users to put bitcoin as collateral across DeFi applications.
The attacker compromised the DAO’s front-end. The BadgerDAO team is currently investigating the exploit with the help of blockchain forensics experts from Chainalysis.
Several users were complaining about receiving unusual requests for additional permissions in their accounts. The attacker managed to add a script to the frontend that tricked users to provide access to the hacker to drain the funds from their wallets.
BridgerDAO engineers have suspended all smart contracts to prevent further withdrawals while Chainalysis analysts investigate the incident. At first, the amount stolen was estimated to be around $ 100 million, but new data from blockchain security firm PeckShield indicated that the total losses were over $ 120 million.
This hack comes shortly after MonoX, a DeFi finance protocol, was compromised for over 30 million on Nov. 30.
The Celsius network may have been the biggest victim
There is one address that lost 896 packaged bitcoins, or roughly $ 51 million, making it the biggest victim of the hack. Data on Etherscan’s chain suggests that the address – starting with 0x534 – could be linked to the Celsius network as it has already dealt with other wallets owned by the loan company, one of which is tagged “Celsius Network Wallet 5”.
In a Twitter thread, a user by the name BigTimeCali shared several transactions made by the wallet, adding that Celsius deleted any comments related to the hack on its Reddit page.
The owner of the address appears to be a large whale who often performs seven-digit transactions and operates closely with a wallet of over $ 67 million, of which $ 40 million is held in the Celsius CEL token. It is not conclusive; However, this strongly suggests that Celsius is behind the wallet, but the loan company declined to make any claims about the hack.
