Hey all, here is today's #lbi Asset Backed value 19 May 26
1 LBI = $0.065 USD ($12,309 total fund)
We lost around $250 in value as a result of the #hiveengine hack. Mainly from the lost peg for our position in the SWAP.BTC/SWAP.ETH pool.
Crazy episode with that hack. I don't know the full extent, but it sounds absolutely insane with what I've heard
!BBH !ALIVE
Looks like H.E. had a few hundred thousand of assets stolen.
The approximate damage to the ecosystem is 85 Eth, 58 BNB, 33k Pol, and 257 Solana. Underlying tokens like GIFU, USDT, BUSD and others have been drained as well. All EVM gateway processes have been shut down.
Yeah, I saw that.. but I'm more interested in knowing how it got hacked in the first place. What got hacked? A simple rule is: don't keep your keys (or seed phrase) online. I have a feeling that tip had slipped their mind.
!BBH !ALIVE