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    DeFi Protocol bZx Loses $8M in Latest Security Exploit; BZRX Tanks 40%

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Mon, Sep 14, 2020 10:23 AM by Coinfomania

DeFi Protocol bZx Loses $8M in Latest Security Exploit; BZRX Tanks 40%

Decentralized finance (DeFi) protocol, bZx, was at the end of another security exploit this weekend after the team confirmed the loss of approximately $8 million worth of cryptocurrencies. The loss was a result of a bug that allowed hackers to duplicate several iTokens on the platform, before eventually cashing out. The team says it has patched the duplication method out of the iToken contract code, while the protocol has resumed normal functioning. ⚠️ 📢 UPDATE: 1/ At 3:28 AM EST we began investigating a drop in the protocol TVL. By 6:18 AM EST we confirmed that a duplication incident had

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