BlueBenx Suspends Withdrawals Following $32M Hack

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.
Dot
August 14, 2022
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Roberto Cardassi; Photo Source: Cointimes

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

The crypto scene has been shaken by several hacking attacks as of late, with BlueBenx being the newest target. The firm’s lawyer, Assuramaya Kuthumi, claims the platform was attacked by an “extremely aggressive” hack that resulted in the loss of $32M. 

As a result, BlueBenx emailed all its clients, stating that the platform would suspend its services, including transfers, deposits, and withdrawals. The email further says that resuming BlueBenx’s services would take at least 180 days.

Besides stating that the hack targeted the company’s liquidity pool on the crypto network, the company did not elaborate on the details of the attacks. The firm has also allegedly laid off many of its employees. This adds BlueBenx to the list of the several crypto lending platforms that have suspended their services during crypto winter.

BlueBenx users, however, remain skeptical following this announcement, with many claiming that BlueBenx is using the hack as an excuse to justify blocking crypto withdrawals during a bearish crypto market. 

Some users who visited BlueBenx’s headquarters in São Paulo claimed the company did not answer when the receptionist and security called them. Furthermore, 15 people have registered this incident with the Department of Citizenship Protection Police.

BlueBenx Suspends Withdrawals Following $32M Hack

HomeCrypto lending
Contents
Roberto Cardassi; Photo Source: Cointimes

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

The crypto scene has been shaken by several hacking attacks as of late, with BlueBenx being the newest target. The firm’s lawyer, Assuramaya Kuthumi, claims the platform was attacked by an “extremely aggressive” hack that resulted in the loss of $32M. 

As a result, BlueBenx emailed all its clients, stating that the platform would suspend its services, including transfers, deposits, and withdrawals. The email further says that resuming BlueBenx’s services would take at least 180 days.

Besides stating that the hack targeted the company’s liquidity pool on the crypto network, the company did not elaborate on the details of the attacks. The firm has also allegedly laid off many of its employees. This adds BlueBenx to the list of the several crypto lending platforms that have suspended their services during crypto winter.

BlueBenx users, however, remain skeptical following this announcement, with many claiming that BlueBenx is using the hack as an excuse to justify blocking crypto withdrawals during a bearish crypto market. 

Some users who visited BlueBenx’s headquarters in São Paulo claimed the company did not answer when the receptionist and security called them. Furthermore, 15 people have registered this incident with the Department of Citizenship Protection Police.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

The crypto scene has been shaken by several hacking attacks as of late, with BlueBenx being the newest target. The firm’s lawyer, Assuramaya Kuthumi, claims the platform was attacked by an “extremely aggressive” hack that resulted in the loss of $32M. 

As a result, BlueBenx emailed all its clients, stating that the platform would suspend its services, including transfers, deposits, and withdrawals. The email further says that resuming BlueBenx’s services would take at least 180 days.

Besides stating that the hack targeted the company’s liquidity pool on the crypto network, the company did not elaborate on the details of the attacks. The firm has also allegedly laid off many of its employees. This adds BlueBenx to the list of the several crypto lending platforms that have suspended their services during crypto winter.

BlueBenx users, however, remain skeptical following this announcement, with many claiming that BlueBenx is using the hack as an excuse to justify blocking crypto withdrawals during a bearish crypto market. 

Some users who visited BlueBenx’s headquarters in São Paulo claimed the company did not answer when the receptionist and security called them. Furthermore, 15 people have registered this incident with the Department of Citizenship Protection Police.

Written by
Ayush Pande