The crypto community is facing another sinister situation as bonqdao has announced a violation of 120 million dollars. A recent oracle breach has endangered the protocol, and the attacker has changed the albt price.
Moreover, the attacker hit huge quantities of pot, which were then used to exchange other chips. The transactions were carried out on uniswap, after which the price is nearly nil. This sequence enabled albt winding up.
However, additional troves had no effect. But the bonq protocol was interrupted while the network was working on a solution. Users could not remove their warranty without paying back beur after the attack.
Allianceblock and bonqdao have published a number of tweets on the attack. As far as the Alliance is concerned.block, more than 110 million albt chips have been implicated in the violation. The incident remained isolated in the troves, leaving other intelligent contracts intact.
All related partners currently withdraw cash. As a result, the foreign exchange business was stopped.The Alliance operates as follows.Next steps are outlined:
- The network will perform a screen capture prior to the token.
- He's about to hit some more ALBT chips.
- Each impacted user will receive a drop with the new chips.
Users have been informed that the conduct of any post-announcement transaction will not be considered part of the clearing regime. Allianceblock asked users to remain logged in and not to speculate.
Users will not be reached by any community manager or team member. The only official channels of communication are the twitter and telegraph channels of the alliance's block. The development was also covered by peckshield inc., where users came up with the explanation for the attack.
According to the platform, the operator has succeeded in achieving the oracle's price update function through one of the smart contracts. This has allowed the aggressor to jeopardize the walbt price. This began the operation, which continued with the exchange of $500k worth of beur.
Then the BonqDAO and the Covenant. communities are on edge, users are pleased with the way the networks are dealing with the situation. All concerned parties have been active users and continuously updated on the situation.