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Badger DAO falls prey to DeFi exploit, losses estimated at $10 million

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Badger DAO, a Bitcoin-focused DeFi platform, has been allegedly exploited. The platform tweeted earlier today that it received reports of “unauthorized withdrawals of user funds.” It stated,“Our investigation is ongoing and we will release further information as soon as possible.”Meanwhile, Badger confirmed that the engineers have halted all smart contracts to prevent further withdrawals.

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