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The BSC project Flare was attacked by a hacker, resulting in losses of over $16.95 million.
Recently, an on-chain project named Flare on BSC encountered a serious security incident. According to on-chain data monitoring, the incident occurred on November 13, 2022, at 3:29 PM (UTC), resulting in losses of up to $16.9597 million.
After the incident, part of the stolen funds has been transferred using anonymization tools, while the remaining funds are stored in two specific addresses. Security experts are closely monitoring the flow of funds in these addresses.
The attack was initiated by a specific address, and the related attack transaction hash has been documented by the security team. Notably, according to the latest on-chain data, the attacker seems to have started attempting some form of communication with the project team.
This incident highlights the security challenges faced by decentralized finance projects once again. It reminds us that in the rapidly evolving cryptocurrency ecosystem, project teams need to continuously strengthen security measures, while users should remain vigilant and manage their digital assets carefully.
As the investigation deepens, industry insiders are calling for relevant parties to strengthen cooperation to jointly respond to such security threats in order to maintain the healthy development of the entire blockchain ecosystem.