Non-custodial lending platform BonqDAO is hacked, losing about $120 million

According to The Block, the non-custodial lending platform BonqDAO and the encryption infrastructure platform AllianceBlock were hacked due to BonqDAO's smart contract vulnerability, and the loss was about 120 million US dollars. Among them, hackers removed approximately 114 million WALBT ($11 million), AllianceBlock's wrapped native tokens, and 98 million BEUR tokens ($108 million) from a BonqDAO vault. , the hacker has sold about $1.2 million in tokens, but due to lack of liquidity, it is difficult to convert all of them into stable coins or ETH. In addition, AllianceBlock stated that the incident had nothing to do with the BonqDAO treasury, no smart contracts were compromised, and both teams were committed to eliminating liquidity to mitigate hackers converting stolen tokens into other assets, and stopped all exchange transactions; AllianceBlock AllianceBlock bridge cross-chain bridging is also suspended until the situation is resolved.