According to the information of cybersecurity experts from Pechshield, as a result of the attack on the ShadowFi platform, the attackers managed to steal more than 1 thousand BNB coins in the equivalent of $ 301 thousand. A hacker identified under the nickname NeorderDAO instantly transferred the stolen money to the Tornado Cash platform in order to mix cryptocurrencies and cover up traces of theft.
Before the protocol was hacked, ShadowFi’s market capitalization planned to reach a total market capitalization of $100 million, but as a result of the attack, the exchange value of the SDF token collapsed by 98.5% and the balance of ShadowFi’s main storage was emptied.
Representatives of the decentralized financial payment network ShadowFi announced the depletion of their liquidity pool to zero. The key vulnerability of the SDF token was the possibility of burning a duplicate, which allowed burning tokens without prior confirmation.
Meanwhile, the opinion is growing among the crypto community that the ShadowFi development team could implement hacking and withdrawal of funds.