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DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M
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More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO.
Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badger’s losses hitting more than $120 million.
The MonoX DEX platform suffered a single attack on Nov. 30. In this attack, a bug in the smart contract allowed
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