The Qubit Protocol Gets Hacked [$80 Million]
The DeFi protocol Qubit Finance is an Ethereum-BSC (Binance Smart Chain) “bridge” designed to allow for the exchange of assets between different crypto ecosystems. Bridges are somewhat notorious for having security flaws that can get them hacked, however. At the end of January, Qubit was compromised by a cybercriminal, who stole 206,809 Binance coins, equivalent to $80 million.
