BNB Chain-based DeFi protocol LaunchZone loses $700k
BNB Chain-based DeFi protocol LaunchZone claims it lost $700,000 after a hacker drained the funds from its liquidity pool. Since the attack, the protocols native token has been plunging in value. LaunchZone has warned users from buying tokens until they conduct further investigation. LaunchZone token plunges 80% LauchZone announced on Twitter that the protocol is under attack and users should refrain from buying the token. $LZ está siendo pirateado desde el explotador DND. El equipo está manejando la situación, no compre el token en este momento. Por favor mantén la calma. Actualizaremos oportunamente. — LaunchZone (LZ.finanzas) (@launchzoneann) Febrero The message was first posted on their official Telegram group. The company later added that they have paused trading or transferring their token until they handle the situation. Please be informed that given the current situation, we have decided to pause the trading/transferring of $LZ token until the problems are solved. Thanks for your understanding and please keep updated! pic.twitter.com/CMz4I5V1wb — LaunchZone (LZ.finanzas) (@launchzoneann) Febrero Según zona de lanzamiento, the company has lost $700,000, which hackers stole from the liquidity pool. Since the attack, the companys native token, $LZ, dropped by over 80% in hours. The token is currently trading at 0.02634, according to CoinMarketCap. According to blockchain data from a number of