Security Incident
Babylon Finance Affected by the Rari Capital: $3.40M Reported Loss
In April, attackers exploited a vulnerability to steal $80 million from Rari Capital, and the asset management project Babylon Finance, Rari's main lending pool, lost $3.4 million as a result.
- Reported loss
- $ 3,400,000
- Attack category
- Affected by the Rari Capital vulnerability
Incident Overview
On Aug. 31, Babylon Finance founder Ramon Recuero published a blog post announcing that Babylon would be shutting down and pledging to distribute remaining project funds to holders.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.