Bondly Finance: Another Weekly Defi Attack or Rug pull
Defi attack is beginning to be a weekly occurrence activity. The unfortunate project to be the centre of attraction for this week’s defi attack is Bondly Finance.
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Bondly finance is known for numerous attacks in the past and known for losing a lot of money to hackers. The team announced through their Twitter platform to announce about the attack and urge their investors to stop trading the native token. They claimed their platform was compromised but their contract wasn’t . They asked investors for several days to enable them investigate the situation.
Bondly token holders were advice to withdraw their liquidity and not buy anymore token. The bondly price has gone down way down around 89% and that’s a lot.
Some crypto analyst think it’s more of a rug pull than an attack. This is because about 373 million of bondly token was minted on Ethereum. Also assuming these tokens were minted on developers’ address.
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