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Zabu token price flatlines after $3.2M attack on Avalanche blockchain By Cointelegraph - Up News Info
Home Business Zabu token price flatlines after $3.2M attack on Avalanche blockchain By Cointelegraph

Zabu token price flatlines after $3.2M attack on Avalanche blockchain By Cointelegraph

by Matilda Colman
Zabu token price flatlines after $3.2M attack on Avalanche blockchain

Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero.

Zabu Finance announced the exploit by asking for help from Avalanche and popular Avalanche-hosted decentralized exchanges such as Pangolin and Trader Joe: