Centralized cryptocurrency lending platform Celsius Network could lose more than $ 50 million as a result of unauthorized withdrawal of funds from the Badger DAO DeFi protocol. Such an assumption made Reddit and Twitter users.
The project was hacked on December 2. PeckShield experts estimated the damage at more than $ 120 million. They also indicated that one of the addresses lost ~ 900 BTC (more than $ 50 million at the current exchange rate). A community spokesperson on Twitter suggested that the address provided by the analysts is related to the Celsius Network.
dug thru looks like Celsius wallet @DegenSpartan https://t.co/CAs6FjAlnT pic.twitter.com/26shHiTLIf
– Degen Crypto Info (@DegenCryptoInfo) December 2, 2021
A member of the Celsius Network subreddit wrote about the possible losses of the platform. However, the moderators deleted his post.
Another Reddit user explained their suspicions that the affected address 0x53461e4fddcc1385f1256ae24ce3505be664f249 “interacted with other addresses that are known to belong to them [Celsius Network]”.
One of them often interacts with an address marked with Etherscan like Celsius Network Wallet 5:
“These two addresses often interact with each other, you can see that 0xdb3 and 0x476 send large amounts to each other multiple times. […] It is highly likely that the address that lost 900 BTC belonged to Celsius. Celsius has not confirmed anything yet, so for now these are all assumptions, “- emphasized the user.
Cryplogger has reached out to the Celsius Network for comment but has not received a response at the time of writing.
Earlier, the media reported that the financial director of the crypto lending platform Yaron Shalem was among those arrested in Israel along with the founder of the ICO startup Sirin Labs Moshe Hogeg. The Celsius Network said that the investigation was not related to the activities of the company, and the employee was suspended. His name and position were not specified.
In September, the Celsius Network was accused of selling unregistered securities by regulators in Alabama, Kentucky, Texas and New Jersey.
Recall that at the end of November, the platform increased the amount of funds raised during the Series B investment round to $ 750 million. The firm was valued at $ 3.25 billion.
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