• FilDA experienced a significant exploit on Elastos Smart Chain and REI Network.
• The hackers used a bridging mechanism to move out ELA tokens.
• A bounty was promised to the attackers by FilDA if they would return the exploited funds

In a tweet on Monday, the blockchain security firm PeckShield disclosed that FilDA, a decentralized finance (DeFi) platform, experienced a significant exploit on Elastos Smart Chain (ESC) and REI Network. The security firm estimated the loss from the exploit to be around $700,000.

According to PeckShield, the perpetrators used a bridging mechanism to move around 80,000 Elastos tokens (ELA) worth more than $100,000 to the BNB Chain, exchanging them for approximately 326 Binance Coin (BNB). Furthermore, the attackers cashed about 200,000 ELA tokens to Et…

The post Hackers Use Bridging Mechanism to Steal $700k from FilDA appeared first on Coin Edition.

• FilDA experienced a significant exploit on Elastos Smart Chain and REI Network.
• The hackers used a bridging mechanism to move out ELA tokens.
• A bounty was promised to the attackers by FilDA if they would return the exploited funds

In a tweet on Monday, the blockchain security firm PeckShield disclosed that FilDA, a decentralized finance (DeFi) platform, experienced a significant exploit on Elastos Smart Chain (ESC) and REI Network. The security firm estimated the loss from the exploit to be around $700,000.

According to PeckShield, the perpetrators used a bridging mechanism to move around 80,000 Elastos tokens (ELA) worth more than $100,000 to the BNB Chain, exchanging them for approximately 326 Binance Coin (BNB). Furthermore, the attackers cashed about 200,000 ELA tokens to Et…

The post Hackers Use Bridging Mechanism to Steal $700k from FilDA appeared first on Coin Edition.