EasyFi Network Suffers A Security Breach

Just when you thinks decentralized finance hacks is minimized, think again.

The newest DeFi protocol to be hacked is EasyFi network, Layer-2 DeFi project on Polygon Network.

A blog from Founder and CEO Ankitt Gaur confirmed that 2.98 Million $EASY tokens were stolen by hackers on April 19.

The hacker managed to get access to admin keys and remove existing liquidity from protocol pools in USD / DAI / USDT. 

The CEO states his computer was compromised and metamask was altered from the disk. He believes it is a targeted attack by a group of sophisticated hackers.

The CEO has coordinated with Binance and AscendEx for the suspension of withdrawals of EasyFi tokens.

The CEO offers $1 Million bounty to a white hacker to help recover the funds.

#SmartCrypto