Avalanche Blockchain’s DeFi platform Vee Finance loses $35 million in cyberheist

NEW DELHI: Vee Finance, the DeFi (decentralized finance) platform of Avalanche (AVAX) blockchain network, has lost $35 million in a major cyber attack on 21st September.

The cyber heist ripped off 8,804 ethers worth $26 million and 213 bitcoins worth $9 million from the platform. Bitcoin.com reports. Stablecoins remained undisturbed from the heist.

The Vee Finance team has currently suspended the defi platform contracts, including deposit and borrowing function to ensure safety of remaining assets of the users.

In a Medium post, Vee Finance revealed the address too, which was exploited in the cyber attack and where the stolen assets are currently stored.