Binance Smart Chain
Decentralized finance project Meerkat Finance has claimed it was drained of $31 million in crypto assets just one day after launching on the Binance Smart Chain. The Meerkat Finance team announced via its Telegram channel around 9:00 UTC Thursday that its smart contract vault had been compromised, The Block reported. The DeFi project was drained of 13.96 million BUSD and 73,653 BNB (both Binance tokens), adding up to over $31 million in total.
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