Badger

Badger is a decentralized finance platform headquartered in the United States. The platform's specific products and services are not described in the available incident report. No information is provided about its market reach, user base, or transaction volume. The organization's size and operational scale are not quantified in the source material. There are no details regarding ownership structure, parent companies, or subsidiary relationships. Badger's positioning within the DeFi sector and any distinguishing competencies are not addressed in the provided context.

On December 2, 2021, Badger suffered a security breach in which hackers stole approximately $120 million in Bitcoin and Ether. The stolen assets included over 2,100 Bitcoin and 151 Ether, with more than 900 Bitcoin originating from a single user account. This incident was reported as the third-largest cryptocurrency theft at that time. Following the breach, Badger froze its operations to facilitate investigation. Initial analyses suggested the attack exploited a vulnerability in the platform's user interface, though Badger did not officially confirm the method. The event underscored security challenges faced by DeFi platforms and temporarily disrupted user activities.