As per the latest reports, Uranium Finance has made an alarming announcement for the cryptocurrency community. The firm has revealed that it has recently fallen victim to one of the latest security breaches on its projects. Uranium Finance is a Binance Smart Chain (BSC) project that is based on the decentralized finance (DeFi) infrastructure.
The firm has confirmed that from the security breach, the attackers have managed to exploit Ethereum (ETH). The Ethereum (ETH) reported by Uranium Finance is reportedly worth millions. The firm has confirmed that the attackers are currently moving the stolen funds here and there.
The investigation report also shows that they are using a privacy tool in order to carry out the movement of funds and launder them.
The firm also made the official announcement of the exploit through its social media profiles. On Twitter, Uranium Finance announced that the attackers had managed to exploit $50 million worth of Ethereum (ETH) and other digital currencies.
The officials of Uranium Finance made the tweet on Wednesday, April 28. In the tweet, the officials also provided the address that had the stolen funds inside of it. The officials requested the entire Uranium Finance community to request Binance to take action on it at the earliest.
It requested all the users to raise the matter to Binance so they can interfere and disrupt the movement of transactions. Their main goal was to ensure that these funds never leave the Binance Smart Chain. Otherwise, it would become almost impossible for the platform to recover any funds from the attackers.
The Uranium Finance Team has confirmed how many cryptocurrencies are left in the contract that the hackers had exploited. According to the platform, the contract currently has 34,186 in wrapped BNB (WBNB), and around 18 million Binance USD (BUSD). These tokens currently translate to nearly $37 million, at the time of writing.
In their updated tweet, Uranium Finance provided more information around the address involved in the hack. The firm has revealed that the alleged address currently has 2,581 DAI and $92,604 worth of Ethereum.
The firm has also revealed that the hacker or hackers involved in the hack are still on the move. According to their fraud prevention team, the hackers are currently moving Ethereum from one address to another. They are currently carrying out the movements of the funds in the form of batches of 100 ETH.
So far, the hackers have moved Ethereum (ETH) funds more than 22 times. Further investigation into the matter shows that the hackers have used the Tornado Cash privacy tool to carry out their foul act. Uranium Finance has confirmed that so far, the hackers have moved 2,201 Ethereum, which translates to $5.76 million at the time of writing.