Celsius Network loses millions in BadgerDAO Bitcoin heist amid crypto selloff

Celsius Network loses millions in BadgerDAO Bitcoin heist amid crypto selloff

Crypto lender Celsius Network lost funds in a recent cyber hack, the latest decentralized finance (DeFi) attack that comes amid a broad retrenchment in cryptocurrencies.

On Wednesday night, BadgerDAO, a decentralized autonomous organization (DAO) which builds DeFi products using Bitcoin as collateral, announced over its Discord it would halt the functioning of its products after reports of “unauthorized withdrawals of user funds.”

During an “ask me anything” (AMA) session on Friday,…


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