Crypto project Uranium Finance has lost $50 million as a result of a hacker attack. Uranium Finance uses the Binance Smart Chain blockchain and focuses on creating an automated market maker (AMM) protocol.
The assets of the liquidity providers should have migrated to the new version of the protocol today to implement additional capabilities. However, during the process a vulnerability has been exploited by an unknown hacker.
The attack took place last night. At that time, members of the project group on Telegram started noticing suspicious transactions with Uranium Finance tokens in the market. The developers confirmed the attack this morning:
"Uranium migration has been exploited, the following address has $50M in it. The only thing that matters is keeping the funds on BSC, everyone please start tweeting this address to Binance immediately asking them to stop transfers. If you have a Binance account, please log in and immediately report stolen funds with this address, they have a mechanism for this as well."
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It is worth mentioning that the attacker has already started moving assets, mixing them through the mixer Tornado Cash. The developers have reported they have contacted Binance's security team.