Multichain AMM Beluga’s hack on Arbitrum leads to $238k loss
Security firm PeckShield says the exploiter has transferred the stolen funds to the MEXC crypto exchange. Multichain stableswap protocol Beluga has become the latest victim in a number of cyber attacks against decentralized finance (defi) projects. According to PeckShield, the protocol has been exploited on Arbitrum, losing a total of 113 ETH (around $238,300), although the source of the exploit is yet to identified. #PeckShieldAlert PeckShield has detected that @Belugadex has been exploited on #Arbitrum for ~59 $ETH The exploiter initially funded 0.1 $ETH from #OKX @peckshield pic.twitter.com/HEXc7F51pb — PeckShieldAlert (@PeckShieldAlert) October 13, 2023 You might also like: Lazarus Group hacked and stole $41m from crypto casino Stake As of press time, the Beluga team made no public statements on the matter on social media. This appears to be the second incident related to Beluga, as earlier this year the team behind the project wrote on X it was “investig...