DeFi Protocol Blueberry Pauses Lending Following Mystery Exploit
Blueberry, a decentralized finance protocol, has paused its protocol to limit potential damage from an ongoing exploit. The protocol Foundation reported an ongoing exploit and advised users to withdraw funds from lending markets.
Users reported issues withdrawing, and the front end was also down. The website and app went offline briefly with an application error.
Around 30 minutes later, Blueberry confirmed pause, and the website appears to be back up and running.
Funds currently deposited are no longer exploitable, and the team is in contact with security and communication professionals to try to return the remaining 91 ETH.
Blueberry Protocol, a decentralized lending market, allows lending and leveraged borrowing up to 20x of the collateral value.
Its total value locked (TVL) was $4.5 million and was forked from the Compound DeFi protocol. The TVL fell to $3.15 million after the exploit attempt.
(With inputs from Shikha Singh)
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