Binance Smart Chain News: BurgerSwap, the DeFi protocol on the Binance Smart Chain network, was hacked for $ 7.2 million. BurgerSwap, a popular decentralized finance (DeFi) protocol powered by Binance Smart Chain, has suffered a credit attack. The automated market maker was hacked for $ 7.2 million.
Damages will be covered
In its announcement, BurgerSwap claims that it will try to compensate all its users:
The total loss available is approximately $7 million and we will try to cover all your loss.
DEX claims that its team is “working on the issue.” JulSwap, another BSC-based DeFi protocol, seems to have suffered a similar attack that caused a 95 percent price drop. JustLiquidity CEO TG Crypto claims there was no hack or attack in a tweet.