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Rubic DEX hacked
1 month ago 2 mins read

Rubic, a decentralized exchange, loses $1,000,000 due to a private key exploit

Rubic, a decentralized exchange (DEX), has lost over a million tokens as a result of hackers getting hold of an administrator’s wallet’s private keys. The project’s developers disclosed that one of their admins’ wallet addresses, which controlled the RBC/BRBC bridge and staking rewards, had been compromised during the early morning hours of Asia. “We believe malicious software was utilized to gain access to the private keys for the admin wallet,” they continued. The native token of Rubic is RBC, and the wrapped version is BRBC. In order to lower transaction costs and give more people the chance to use Rubic’s