Brazilian crypto loan platform BlueBenxhas stopped its users from withdrawing funds after the $32 million hack.
Recently, the cryptocurrency market has been shaken by many hacking attacks. A new one was added to these from Brazil. Brazil-based crypto lending platform BlueBenx was hacked for $32 million. Following this attack, the company blocked 22,000 users from withdrawing funds.
Allegedly “BlueBenx Has Been Hacked”
Assuramaya Kuthumi, a lawyer for crypto firm BlueBenx, has confirmed the $32 million attack on the platform. He also said the attack resulted in $32 million in losses. The company did not share further details about the attack. On the other hand, the company is alleged to have laid off most of its employees.
The company was promising up to 66 percent returns to its users who invested in cryptocurrencies using various in-house ways of earning. However, after what happened in the market BlueBenxalso joined the companies that failed to fulfill their high return promises.
An anonymous investor speaking to Brazilian news outlet Portal do Bitcoin described the situation with these words:
“I think it’s very likely to be a scam because this whole hacker attack story seems like a whole lot of bullshit”
The increasing risks associated with high-yield services have recently attracted attention. That’s why investors are also now looking at lower-risk crypto returns as safer strategies.
