The Barley Finance team stated that the undocumented functionality of the wBARL module allowed a hacker to steal more than 10% of the total number of BARL tokens hosted in the module.
An exploit occurred on the wBARL pod. We have the problem under control and are here to fix it.
1/. The exploiter took more than 10% of the total BARL supply in the pod, of which about 9% was the development team's collateral, used from Marketing and Dev…— Barley Finance (@Barley_Finance) January 28, 2024
Barley Finance noted that the damage to platform users is insignificant, since most of the stolen crypto assets belonged to the project team and were used to finance marketing and development. The amount of damage was not disclosed.
“As the number of affected stakers is small, we are willing to consider compensation for damages,” Barley Finance said.
The project team is keeping the problem under close control and working to fix it. In the near future, the wBARL module contract will be changed, and the functionality that caused the vulnerability will be eliminated.
Earlier it became known that the former director of information security of the South Korean company Ozys became the subject of attention of law enforcement agencies on suspicion of violating official duties and collaborating with hackers of the North Korean group Lazarus.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
