A security event hit the cryptocurrency sector on the decentralized finance platform Mango just days after a hacker took around $100 million in an exploit involving Binance Coin.
Mango said on Twitter that it is “investigating an incident in which a hacker was able to drain funds” and is disabling deposits. The platform added that it is taking steps to “have third parties freeze funds in flight.”
Mango also asked the hacker to get in touch to discuss a “bug bounty.”
This is the latest in a series of security incidents affecting the digital asset sector, which is also recovering from a drop in token prices. Some $2 billion has been lost in crypto hacks this year, many perpetrated by groups linked to North Korea.
Last week, a total of 2 million Binance coins, equivalent to nearly $570 million, were minted and taken by a hacker. About $100 million was not recovered, while the rest was frozen, according to a Binance statement.
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