BlueBenX Staging a $32 Million Hack To Make Up For Loss?

BlueBenx has remained silent on suspicions of a $32 million hack on August 14 that was staged by the exchange itself to hide a $32 million loss. The community’s suspicions are not unfounded when no information about the hack has been made public by the exchange.

As was updated in an earlier Coincu News article, BlueBenx is a centralized exchange operating in Brazil. On Sunday, August 14, it informed users that it had been the target of an attack.

According to the information provided by the exchange, the attacker stole the equivalent of $32 million in cryptocurrency. Following this attack, the platform suspended withdrawals for all its users.

Surprisingly, the company did not announce the hack on any of its social networks or on its blog. The only information available about the alleged attack was communicated to the platform’s users via email.

“Last week, we suffered an extremely aggressive hack of our cryptocurrency liquidity pools. After relentless attempts to resolve, today we began our security protocol with the immediate suspension of operations of BlueBenx Finance products, including withdrawals, redemptions, deposits and transfers.”

Most users find it difficult to accept the announcement of the translation platform and begin to question the truth of this version. As a result, some claim that the company lied about the hack, to make up for operating losses.

Indeed, like its competitors, in addition to exchange services, BlueBenx offers various highly profitable financial products. It provides 66% annual return on its DeFi fund.

Therefore, due to not being able to maintain this profit level and being affected by the liquidity crisis of the market, this story was written to explain the disappearance of $32 million.

Neither BlueBenx nor its attorneys were immediately available for comment. The platform’s social networks have remained silent up to this point.

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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