This is really sad news as hacking in these times is the last thing they needed, and I don’t think they’ll ever recover their lost funds and now I’m just hoping that they find a way to survive in these testing times. Further it’s been claimed that this hack was possible due to a bug that they failed to fix, and it’s really sad that they didn’t take better precautions to protect their funds.
This is really unfortunate. Systems has been breached and suddenly 25million$ funds was gone instantly.
This is bad means Imbtc version of erc20 btc is not that safe. Most victim these days are all decentralized, dApps, and defi projects. Companies should really pay attention to these kind of attacks or else people will lose interest on investing on cryptocurrency projects. The hackers might probably dumped it as the market go down hard today.