Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Hacker Steals $24 Mln from ‘Harvest Finance’


Tue 27 Oct 2020 | 03:41 PM
Ahmed Yasser

Harvest Finance was hacked on Monday, the attacker drained over $24 million. According to Coingecko data, the Harvest’s native token fell 54% to $101.79, following the attack, the amount of money locked in the protocol crashed to $575 million from $1 billion on Oct. 25, as fretful investors pulled their deposits.

Moreover, Harvest provided a list of 10 bitcoin addresses of the hackers, where it believes the stolen funds may have been moved. Also, it asked exchanges like Binance, Coinbase, and Huobi to block the attacker’s addresses, according to Bitcoin news.

On other hand, Harvest tweeted that the $2.5 million returned by the hacker, will be distributed to the affected depositors pro-rata.

Noteworthy, Harvest’s hack comes just six weeks after an attacker made off with $8.1 million in bitcoin from another defi protocol, Bzx. However, Bzx managed to recover the funds.