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  • 28 April

    BSC-based DeFi Project Uranium Finance Suffers $50M Hack Amid Migration

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Wed, Apr 28, 2021 8:00 AM by Coinfomania

BSC-based DeFi Project Uranium Finance Suffers $50M Hack Amid Migration

Uranium Finance, a DeFi project that labels itself the “daily AMM dividend AMM on Binance Smart Chain,” has suffered a large-scale security breach.  According to a team update, the attackers hijacked a plan to migrate Uranium’s liquidity provider (LP) tokens to a new V2.1. The migration was said to be in response to an increased usage of the protocol and a milestone integration with the leading DeFi aggregator, 1inch. However, the attack intercepted the LP token migration and is trying to make way with roughly $50 million worth of BNB and BUSD tokens. At the time of writing, the address

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