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DeFi tool FinNexus (FNX) plunges by 90% after hack—some allege an inside job

2021-05-18, Cryptoslate
https://cryptoslate.com/defi-tool-finnexus-fnx-plunges-by-90-after-hack-some-allege-an-inside-job/
#FinNexus #News

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DeFi tool FinNexus (FNX) plunges by 90% after hack—some allege an inside job
The control over decentralized finance platform FinNexus's smart contract was suddenly transferred to a third-party wallet, causing users to suspect a rug pull.
Decentralized finance (DeFi) project FinNexus (FNX), which touts itself as the “most versatile DeFi options platform,” claimed that it was hacked yesterday, leading to a massive dump of its tokens by the attacker. But some users suspect foul play.
“FinNexus (FNX) contract deployer changed the token owner to some address on Ethereum and BSC [Binance Smart Chain]. This address minted: 323 million FNX ($6M) on Ethereum, 60 million FNX ($1.6M) on BSC and started dumping tokens,” tweeted The Block’s research analyst Igor Igamberdiev yesterday, adding, “Rug pull or StOlEn PrIvAtE kEy?”
FinNexus (FNX) contract deployer changed the token owner to some address on Ethereum and BSC.
This address minted:
– 323M FNX ($6M) on Ethereum
– 60M FNX ($1.6M) on BSC
and …