DeFi project LaunchZone claims to be latest victim of BNB chain exploits
80% of funds have been drained from LaunchZone’s liquidity pool, resulting in its native token LZ plummeting in value.
Cryptocurrency news by Protos · Protos
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Show Notes
Decentralized finance protocol LaunchZone has claimed an attacker has drained 80% of funds in its liquidity pool, worth $700,000.
LaunchZone claims to be “the ultimate DeFi platform.” The BNB Chain-based protocol paused trading and transferring of its native token, LZ, until “the problems are solved,” it announced on Twitter earlier today, in a post that restricts replies. However, it shared an announcement by crypto exchange Biswap that LZ will be delisted due to its alleged hack.
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