Brazilian Crypto Lending Platform BlueBenx Pauses Withdrawals Due To Hacking Incident!

Brazilian crypto lending platform BlueBenx pauses withdrawals due to a hacking incident! Local news reported that BlueBenx has decided to halt withdrawals because of a hack.

The Announcement

On August 13th, local news reported BlueBenx to halt withdrawals because of a recent hacking incident. However, there is no detail regarding the hack, except that the company lost approximately $32 million. Only the lawyer, Assuramaya Kuthumi, revealed the news.

What Happened?

A few days ago, the company sent emails to their customers regarding the information on halting withdrawals. Around the same time, BlueBenx also fired some employees. According to one employee, there are around 30 persons affected by this.

The company stated in an email to customers, “Last week we suffered an extremely aggressive hack in our liquidity pools on the cryptocurrency network, after incessant attempts at resolution, today we started our security protocol with the immediate suspension of operations of BlueBenx Finance products, including withdrawals, redemptions, deposits, and transfers.”

What is more interesting is that investors do not believe the news. One person said, “I think there’s a high probability of it being a scam because this whole hacker attack story seems like a lot of bullsh*t, something they made up.”

It can be related to how the company has not given more explanations on the decision and hacking incident. As a result, it can create suspicion among investors of BlueBenx as BlueBenx does not offer transparency about what happened in the company. Now, people are waiting for the company to give more updates regarding the issue.

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