Blueberry DeFi protocol suspended due to an exploit

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On February 23, the Blueberry lending protocol froze the platform's operation and withdrawal of deposits to prevent a hacker attack.

UPDATE: The protocol has been paused. Funds currently deposited are no longer exploitable and we will update as we have more information https://t.co/otsa1WZMEj
— Blueberry Protocol Foundation (@blueberryFDN) February 23, 2024

Over time, the situation was stabilized and the hacking was stopped. According to the developers, the deposited funds "are no longer subject to exploitation."

Users assets were transferred to the multi-signature c0ffeebabe.eth wallet.

However, the attackers managed to steal 91 ETH (~$267,000). Initially, the amount of damage was 457 ETH (~$1.34 million), but most of it was recovered.

"Only three markets were affected, and the vast majority of them have already been restored. The total loss amount is 91 ETH. We get in touch and strive for full compensation for users. The protocol is still suspended, " the project representatives added.

Blueberry is a decentralized lending platform based on the DeFi protocol Compound, which allows you to trade digital assets using borrowed funds with a leverage of up to 20x.

According to DeFi Llama, before the attack, the total amount of assets blocked in Blueberry reached $4.5 million. After the incident, the figure fell to $3.08 million.
 
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