Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bent Finance Affirms Pool Exploit, Suggest Fund Withdrawal by Investors

Bent Finance Affirms Pool Exploit, Suggest Fund Withdrawal by Investors

Kelly Cromley by Kelly Cromley
Dec 21, 2021
in Market News, News
Reading Time: 4 mins read
0

Bent Finance, a staking and farming platform, has turned out to be the sixth cryptocurrency business to be hacked in the month of December. Following the acknowledgement of the assault, investors were asked to take back their pool cash, and the reward requests on the hacked site were disabled.

After discovering the issue on Monday around 8:55 p.m. Eastern Standard Time (EST), Bent Finance claimed no financial loss as a result of the bug. Nevertheless, after blockchain investigator PeckShield purportedly discovered the origin of the hack operations, the community began to think a rug-pull incident had taken place.

While Bent Finance acknowledged that they were seeing the same thing and were currently working through that one, the team also engaged 2 autonomous white hat coders to get a deeper grasp of the emerging scenario. Bent Finance responded quickly, stating that it continues to encourage its pool investors to remove their assets until the issue has been resolved. The firm, on the other hand, has stated that it will recoup all of the cash that were taken from the Bent curve pool:

“We propose that you discontinue participation in the program until further information. There is no chance we are going to quit and we will emerge from this one manner or another.”

2/ – we are investigating the curve LP pools, if you want to be safu, you can withdraw it now.

We will update you as soon as we know more, as of now, no funds have been lost.

— Bent Finance 🌈🦄 (@BENT_Finance) December 21, 2021


As per Joe McGill of TRM Labs, a cryptocurrency security consultant and veteran member of the United States Secret Service, the attackers were able to take about 440 Ether (ETH), which is now valued upwards of $1.6 million while writing this article. McGill’s investigations revealed that the assault has been continuing since December 12, which is in direct conflict with Bent Finance’s findings, which indicate that the hacker has been active on the network since December 1.

As a direct consequence of successful attacks, five cryptocurrency firms have collectively suffered losses in excess of $600 million in the month of December alone, namely Grim Finance, BitMart, and AscendEX, among others.

Nevertheless, more scrutiny is being carried out in order to determine the extent of the damages caused by the Bent Finance scam. Bent Finance had not replied to Cointelegraph’s request for comment at the time of publication.

We have located the hack tx, which interestingly is sent from the Bent Finance: Deployer @BENT_Finance !!! What is going on?! https://t.co/3L4F1gcNYJ

— PeckShield Inc. (@peckshield) December 21, 2021


1/ There was an exploit from the bent deployer address, it added balance of cvxcrv and mim to an address on an unvierifed update 20 days ago. We just discovered this today. There are multiple members on this team and we will make this right.

— Bent Finance 🌈🦄 (@BENT_Finance) December 21, 2021


Again, there is an active exploit on the bent curve pools. We recommend you withdraw from the protocol until further notice. We are not going anywhere and will recover from this one way or another. Thank you for your support

— Bent Finance 🌈🦄 (@BENT_Finance) December 21, 2021


The Bent Finance attacker funded one of the primary wallets via @TornadoCash cash deposits on Dec 9th. Attacker has funneled approximately 440 #Ethereum through TC since Dec 12 including todays attack. Stay tuned for more updates from @trmlabs.#cryptocurrency #DeFi #BugBounty https://t.co/WnaGeuNm4q

— Joe McGill (@joes_mcgill) December 21, 2021


1/ There was an exploit from the bent deployer address, it added balance of cvxcrv and mim to an address on an unvierifed update 20 days ago. We just discovered this today. There are multiple members on this team and we will make this right.

— Bent Finance 🌈🦄 (@BENT_Finance) December 21, 2021


Parallel to the continued attacks on cryptocurrency firms, the month of December saw the temporary breach of Indian Prime Minister Narendra Modi’s Twitter account, which was then used to disseminate misleading information Bitcoin’s (BTC) popular acceptance in the country.

Anonymous hackers gained control of Prime Minister Narendra Modi’s Twitter account on December 12 and used it to establish bitcoin as legal cash as well as announce a gift of 500 bitcoins to Indian residents. The prime minister has more than 73.4 million followers.

Previous Post

Crypterium Unveils MetaFi Single Click Solution for DeFi users

Next Post

Bitcoin Wallet Containing 321 BTC Transacts After Eight Years

Related Posts

caffeine ai internet computer

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
0

Caffeine, an innovative platform built on the Internet Computer (ICP) blockchain, is reshaping the landscape of decentralized application (dApp) development...

mint

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
0

Serial entrepreneur and global strategist Zak Manhire has unveiled Mint.io, a Web3 gaming platform that aims to steer the industry...

dcs card centre

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
0

DCS Card Centre, long known for its association with the Diners Club brand, is undergoing a substantial transformation in its...

AGII

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
0

AGII, a platform specializing in AI-driven Web3 infrastructure, has introduced a new suite of lightweight modules designed to elevate the...

metabora partners with line next

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
0

METABORA, an established global player in casual game development and blockchain-based project operations, has formed a strategic alliance with LINE...

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Next Post
Bitcoin Wallet Containing 321 BTC Transacts After Eight Years

Bitcoin Wallet Containing 321 BTC Transacts After Eight Years

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

caffeine ai internet computer
Market News

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
mint
Market News

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
dcs card centre
Market News

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
AGII
Market News

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
metabora partners with line next
Market News

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree