BlueBenx Suspends Withdrawals Following $32M Hack

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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

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