{"id":484414,"date":"2022-08-14T08:18:00","date_gmt":"2022-08-14T05:18:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack\/"},"modified":"2022-08-14T08:18:00","modified_gmt":"2022-08-14T05:18:00","slug":"bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack\/","title":{"rendered":"# BlueBenx fires employees, halts funds withdrawal citing $32M hack"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27ee8a8340d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27ee8a8340d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack\/#%E2%80%9D_BlueBenx_fires_employees_halts_funds_withdrawal_citing_32M_hack_%E2%80%9C\" >&#8221; BlueBenx fires employees, halts funds withdrawal citing $32M hack &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BlueBenx_fires_employees_halts_funds_withdrawal_citing_32M_hack_%E2%80%9C\"><\/span>&#8221; BlueBenx fires employees, halts funds withdrawal citing $32M hack &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>\n<p dir=\"ltr\">BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees.<\/p>\n<p>BlueBenx joins the growing list of crypto companies that failed to deliver on their promise of exorbitant yield returns this crypto winter. The Brazilian crypto lender promised up to 66% returns for users investing in cryptocurrencies via various in-house earning avenues.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"1084\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/44a5a036ec8cf6c7d1afbf57d631da13.png\"><\/p>\n<p>A <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hosteagle.club\/bluebenx-clientes-receiam-ter-caido-em-golpe-de-empresa-brasileira-que-travou-saques-e-demitiu-funcionarios\/?__cpo=aHR0cHM6Ly9wb3J0YWxkb2JpdGNvaW4udW9sLmNvbS5icg\">report<\/a> from the local <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> board Portal do Bitcoin highlighted that BlueBenx halted all forms of withdrawals after falling victim to an \u201cextremely aggressive\u201d hack. According to BlueBenx\u2019s lawyer, Assuramaya Kuthumi, the attack resulted in the loss of $32 million, which investors found hard to believe \u2014 given the lack of clarity about the alleged hack.\u00a0<\/p>\n<p>In the (roughly translated) words of an unnamed investor told Portal do Bitcoin:<\/p>\n<blockquote><p>\u201cI think there&#8217;s a high probability of it being a scam because this whole hacker attack story seems like a lot of bullshit, something they invented.\u201d<\/p>\n<\/blockquote>\n<p>The lack of trust among investors stems from the fact that numerous crypto platforms \u2014 that offer high yields \u2014 have alleged similar scenarios in the past, wherein they end up halting funds withdrawal while hiding their incompetency in fulfilling the previously promised returns to the users.<\/p>\n<p><strong>Related: Investors shifting toward lower-risk crypto yields \u2014 Block Earner GM<\/strong><\/p>\n<p>Considering the growing risks involved in high-yield services, as stated above, crypto investors are now on the move to trying out lower-risk crypto yields as safer strategies.<\/p>\n<p>Block Earner, an Australian fintech company, witnessed a surge of investors looking out for the \u201cless risky version\u201d of those returns. Speaking to Cointelegraph, the company\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager Apurva Chiranewala stated:<\/p>\n<blockquote>\n<p>\u201cGiven that the risks have gone up significantly for those returns, those guys have actually started coming in engaging with us because we look like the less riskier version of those double-digit return products.\u201d<\/p>\n<\/blockquote>\n<p>As a result of this change in inverter sentiment, crypto companies like Block Earner are required to simultaneously build institutional products owing to the growing interest in that space.\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BlueBenx fires employees, halts funds withdrawal citing $32M hack &#8220; BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81YmJhNDdjY2M4NmE2YTMyODhlMTIwZDE2MTQ2MWZhMS5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,70944],"class_list":["post-484414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484414"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484415"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}