DeFi margin trading protocol bZx has been exploited for the third time, according to reports issued on September 13, losing $8.1 million.

• Bitcoin.com lead engineer Marc Thalen first informed the team of the exploit, saying that over $20 million was at risk
• Thalen noticed that the attacker had begun siphoning DAI and USDC, as he waited on bZx officials to address the issue
• bZx then paused the smart contracts, but not before a good sum had been lost
• The hacker had managed to steal $1.6 million worth of ETH; $2.1 million of LINK; $1.4 million worth of USDC; and $680,000 worth of DAI
• bZx has confirmed that insurance will cover the losses and that users’ funds are safe
• This is the third such incident that bZx has faced this year; in February 2020, it suffered two attacks that resulted in $945,000 being lost
• The team has addressed the issued in a blog post, saying that the fixed code had been sent to Peckshield and Certik for review