BlueBenx Dismisses Staff And Stops Money Transfers After $32 Million Hack

Many investors found it difficult to accept that the attack cost BlueBenx $32 million in lost revenue until it was revealed by the company’s attorney, Assuramaya Kuthumi.

Following an alleged hack that stole $32 million, BlueBenx, a Brazilian cryptocurrency lending site, reportedly prevented all 22,000 of its members from withdrawing their money (or 160 million Brazilian real). The corporation purportedly fired the majority of its staff, despite the fact that no information regarding the attack was made public.

BlueBenx now joins the growing list of cryptocurrency businesses

BlueBenx now joins the growing list of cryptocurrency businesses that have fallen short of their lofty yield return promises during this winter’s bear market. The Brazilian cryptocurrency lender offered consumers who invested in cryptocurrencies through several internal earning channels up to 66% returns.

A report from the local news board Portal do Bitcoin highlighted that BlueBenx halted all forms of withdrawals after falling victim to an “extremely aggressive” hack.

Investors found it difficult to accept that $32 million had been lost as a result of the attack, according to BlueBenx’s attorney, Assuramaya Kuthumi, given the murky circumstances surrounding the purported breach.

Unidentified investor’s (roughly translated) statements as reported by Portal do Bitcoin:

“I think there’s a high probability of it being a scam because this whole hacker attack story seems like a lot of bullshit, something they invented.”

Investors lack confidence because several cryptocurrency firms, which promise large yields, have previously claimed similar events, concealing their inability to provide consumers with the returns they were promised while freezing money withdrawals.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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