The Barley Finance team acknowledged this security breach and stated that the majority of the stolen tokens belonged to the project team, which were being utilized for marketing and development purposes. The exact extent of the damage has not been disclosed.
An exploit occurred on the wBARL pod. We have the problem under control and are here to fix it.
1/. The exploiter took more than 10% of the total BARL supply in the pod, of which about 9% was the development team’s collateral, used for Marketing and Dev…
— Barley Finance (@Barley_Finance) January 28, 2024
The Barley Finance team is actively working to resolve the issue and will be making changes to the wBARL module contract to eliminate the vulnerability that caused the exploit.
In unrelated news, it has been reported that the former director of information security at South Korean company Ozys is under investigation for suspected violations of official duties and alleged collaboration with hackers from the North Korean group Lazarus.