Brazilian crypto lending platform BlueBenx suspends withdrawal

BlueBenx platform suspended crypto funds withdrawal for 22,000 users because of a $32 million hack attack on the platform.

BlueBenx is a Brazilian blockchain banking platform for virtual assets or crypto users. This crypto lending platform was launched in July 2018, it offers regular payouts and interest for cryptocurrency holders. Crypto holders can easily enjoy the services of this platform in different ways such as loans, crypto rewards on card transactions, and wallet-style payments.

According to reports, BlueBenx platform faced a hack attack, and in that exploit, the platform lost around $32 million worth of crypto assets from the platform. However, the platform didn’t provided any detail regarding the hacked funds, where we can track public crypto transactions, but took strict action against the employees.

BlueBenx suspended crypto withdrawal services for 22,000 users and fired almost the majority of the employees because they failed to handle the platform against the attack.

The lawyer of BlueBenx Mr. Assuramaya Kuthumi said that the attack resulted in the loss of $32 million and it is hard for the crypto investors to believe — given the lack of clarity about the alleged hack. 

An unnamed investor of BlueBenx told the media report:

“I think there’s a high probability of it being a scam because this whole hacker attack story seems like a lot of bullshit, something they invented.”

Crypto lending platform outages 

In the past couple of months, extreme volatility in the crypto market resulted in outages for huge numbers of crypto platforms. 

The whole game started with Terra (Lunc) and after that many crypto lending platforms like Voyager Digital, BlockFi & Celsius faced issues of low liquidity.

Many people are thinking that BlueBenx also under the situations like past crypto lending platforms and hacking news is a fake drama.

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