Digital Asset
Intelligence
Security Incident

Babylon Finance Affected by the Rari Capital: $3.40M Reported Loss

·Historical incident record

Incident Overview

In April, attackers exploited a vulnerability to steal $80 million from Rari Capital, and the asset management project Babylon Finance, Rari's main lending pool, lost $3.4 million as a result. On Aug. 31, Babylon Finance founder Ramon Recuero published a blog post announcing that Babylon would be shutting down and pledging to distribute remaining project funds to holders.

Sources & References

Original incident referencehttps://medium.com/babylon-finance/babylon-finance-is-shutting-down-b58abf1bc251 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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