For now, the platform has paused all the online contracts.
A blockchain security and data analytics Peckshield is working with Badger to investigate the matter.
Speculations were, the Badger.com user interface was hacked and not the core protocol contracts.
Most of the affected users reported while claiming yield farming rewards.
For now, the platform has paused all the online contracts to be safe.
Badger is investigating how the attacker connected to Cloudflare using an API key that is protected by two-factor authentication.
PeckShield notes, one transfer of 896 Bitcoin into the attackers pocket was worth more than $50 million.
Decentralized finance (or DeFi) is the latest to fall victim to hack.
The company posted a tweet saying it has retained the data,
The investigation continues.
The experts have warned about targeted phishing attacks that can bypass it.
