Here's How The bZx Protocol Knowingly Rekt DeFi

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Hackers or group of hackers have exploited the bZx Protocol, twice, in under a week, profiting almost USD 1M. In the infographic below, we cover the technicals behind the exploitation. Then go to explain how this hack is the result of conscious negligence from the bzx team. Charlie Lee, founder of Litecoin, chimed in to call DeFi a “decentralized theatre,” a legitimate quirp given that bZX not only paused its platform, but used the master key to reverse some of the losses.