Hacker withdrew $35 million worth of crypto-assets from Vee.Finance's DeFi-protocol

Hacker withdrew $35 million worth of crypto-assets from Vee.Finance's DeFi-protocol

An unknown attacker hacked into Vee.Finance's bandwidth platform and withdrew tokenized bitcoins and Ethereum totaling about $35 million.

Our platform may have been hacked. All services have been suspended. We are investigating the cause. Stay tuned to our official accounts for the latest updates, DeFi-project representatives wrote.

According to the Vee.Finance blog, the total value of stolen assets exceeded $35 million (8804.7 WETH and 213.93 WBTC). The hacker has yet to withdraw the funds to third-party platforms. The DeFi-project team is trying to contact the attacker in hopes of recovering the assets.

Vee.Finance

According to journalist Colin Wu, Vee.Finance has attracted investments from more than 20 venture capitalists, including Huobi. Certik and SlowMist audited the protocol.

Earlier, decentralized finance crosschain protocol pNetwork lost 277 BTC to a hacker attack.

On September 13, 2021, a hacker stole $3.2 million in assets from the DeFi-protocol Zabu Finance on the Avalanche blockchain.

On September 17, the attacker stole 864.8 ETH (~$3.09 million at the time) from IDO platform MISO protocol SushiSwap. He returned the funds the same day.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

View All Posts By Jack Evans