Binance: BNB Bridge Hacker Loses $63 Million
With Bitcoin and Ethereum creating lows of around $25,100 and $1,550, more than $1 billion worth of crypto positions were liquidated in the market over the past day. Alongside derivatives traders, even a hacker fell victim to the liquidations . A recent post by PeckShield Alert revealed that a crypto wallet containing more than $63 million worth of collateral on the lending platform Venus Protocol was liquidated. PeckShield revealed that $10.4 million was wiped out. Right after, it was pointed out that another $53.2 million liquidation followed. The wallet was associated with a multi-million dollar heist of Binance Coin [ BNB ] that took place in October 2021. Notably, the hacker pledged the stolen assets as collateral to get a $30 million Tether loan. As soon as BNB slipped below $220, the collateral positions tied to the wallet were instantly liquidated. #PeckShieldAlert # BNB Bridge Exploiter has been liquidated ~5.6M $v BNB (worth ~$52.3M) https://t.co/pDzlhOK3mE pic.twitte...