Defi Platform Titano Finance Hacked For 4,828 BNB

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Titano Finance Reportedly Rug Pulls Investors With Nearly $2 Million Stolen.

Titano Finance, an auto-staking and compounding platform, has been exploited to the tune of $1.9 million worth of Binance Coin (BNB).

Blockchain security and analytics company PeckShield Inc noted that the unfortunate incident, which seemed like a rug pull, saw the attackers steal funds from the project’s liquidity pool in the early hours of today.

According to PeckShield, after the $1.9 million was stolen from the pool, the attackers sent the funds to a wallet address.

Further investigations revealed that the attackers subsequently split the funds into 23 wallet addresses, in a bid to avoid being tracked down by law enforcement agencies.

The unfortunate incident took a huge toll on the token’s value, as investors suffered huge losses due to the price dip.

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