The ETH Defi project bZx was hacked again just a few hours ago and over $ 55 million was affected, with the project saying ETH contracts and treasury funds will remain untouched.

The ETH DeFi project bZx is a defi-lending protocol and is currently investigating the mining of a private key in connection with the implementation of Binance Polygon and Smart Chain.

However, this credit protocol based on Ethereum and Binance Smart Chain has been hacked before. The team tweeted about the incident, claiming that the smart contracts themselves were not compromised, but that the incident only affected BSC and Polygon implementations with a compromised key. Ethereum smart contracts are not compromised. A year ago, the protocol received two hacks that made it impossible to capitalize on the growing popularity of Defi, which uses blockchain technology to remove middlemen of savings, loans and swaps.

#bZx private key compromised, more than $ 55 million stolen to date. We will continue to update as more information becomes available. @RektHQ @ChainNewscom @bZxHQ https://t.co/SM6WWDt06J pic.twitter.com/39S05IiBFr

– SlowMist (@SlowMist_Team) November 5, 2021

As early as February of this year, the total value of crypto assets tied to Ethereum-based defi protocols was less than $ 1 billion, and bZx was surprised by a massive margin credit exploit. In one of the earliest cases of fast credit mining, the platform lost about 1200 ETH and the theft was worth $ 366,000 then but is valued at $ 6 million today. The September 2020 mines withdrew 30% of the coins banned in the protocol, but they were then worth $ 8 billion. bZx stopped the original log but reported that the funds raised were being debited to the insurance fund and actual users with open margin positions were not affected.

With the Ethereum Defi market already growing to over $ 170 billion and BSC and other chains getting in on the fun, the price is getting higher and higher, saying it has funds in its DAO coffers to pay for this exploitation.

Speaking of Ethereum: The cryptocurrency platform Bakkt has announced that it will soon be offering Ethereum to its customers. It was launched in 2018 by the Intercontinental Exchange as the parent company of the New York Stock Exchange and currently only trades in Bitcoin. The US company offers a variety of services, including a BTC futures trading service, as well as a mobile app that allows users to spend their BTC in stores.