Almost $2 million worth of crypto hacked from Tron’s JUST Ecosystem

According to an automated detection system by cybersecurity company PeckShield, a scammer moved 4,600 BNB worth $1.25 million to a Tornado cash mixer while keeping 2,555 BNB worth almost $693,000 in the hacker’s wallet.

JUST is an acronym for a decentralized finance (DeFi) ecosystem developed on the TRON blockchain, with the majority of its products concentrated on the JustStable decentralized stablecoin lending platform.

Following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier in the same year, the JUST ecosystem, which debuted in August 2020, has USDJ and JUST (JST) tokens.

However, the platform’s native governance token (JST) has been in use since May 2020.

In May of this year, PeckShield reported a slippage of -65% on the JUST (JST) token. A certain address purchased JST for 100 BNB, which after more than a month increased to 3,000 BNB.

By making a significant sale and subsequently transferring 800 BNB to Tornado cash, the address dumps JST. JST had a market capitalization of $253 million and was trading at $0.028 at the time of publication.

The most market share dominance in Tron’s DeFi TVL belongs to Just Lend, a TRON-powered money market protocol that enables users to add liquidity to lending pools and take out low-interest cryptocurrency loans.