Staking and farming platform Bent Finance has get the sixth crypto institution to get hacked this Dec. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised platform.

Bent Finance first realized the exploit on Monday at roughly 8:55 pm EST, a timeline when the company reported no loss of funds. Withal, the customs suspected a rug-pull result when blockchain investigator PeckShield allegedly located the source of the hack transactions.

"Yes, we see the same and are working through information technology right now," said Bent Finance as the team appointed two independent white chapeau developers to become a meliorate agreement of the unfolding situation. The company confirmed shortly after:

Aptitude Finance continues to advise its pool investors to withdraw the funds until the exploit is addressed. However, the visitor has confirmed to recover all stolen funds from the Bent bend pool:

"Nosotros recommend yous withdraw from the protocol until further discover. We are not going anywhere and will recover from this one way or another."

According to crypto fraud investigator and one-time fellow member of the United States Secret Service Joe McGill of TRM Labs, the attackers managed to steal approximately 440 Ether (ETH) worth more than $1.six million at the time of writing.

McGill's investigations hinted that the attack has been ongoing since Dec. 12, which contradicts Bent Finance'due south finding that suspects the attacker'due south presence over the network since Dec. one.

In Dec alone, 5 crypto companies — including Grim Finance, BitMart and AscendEX — have cumulatively lost over $600 million as a direct outcome of successful hacks. However, farther investigations are underway to identify the losses from the Bent Finance exploit.

Bent Finance has not yet responded to Cointelegraph'south request for comment.

Related: Indian prime number minister Modi'due south hacked Twitter account attempts BTC scam

Running parallel to the ongoing exploits on crypto businesses, Dec has also witnessed a momentary compromise of Indian Prime number Minister Narendra Modi's Twitter account, which was used to spread misinformation virtually Bitcoin'due south (BTC) mainstream adoption in India.

As Cointelegraph reported, hackers from unknown origins took control of the prime government minister'southward account on Dec. 12, who has over 73.four meg followers, to declare BTC as a legal tender in addition to announcing a 500-BTC giveaway for Indian citizens.