Badger

Badger is a decentralized finance platform that deals primarily with Bitcoin and Ether assets. It operates under the alias Badger and is headquartered in the United States of America. The platform provides a service that allows users to hold, transfer, and use these cryptocurrencies within decentralized finance applications. Its core function is to facilitate the use of Bitcoin and Ether in DeFi contexts.

In December 2021, the platform experienced a security breach that resulted in the theft of approximately 120 million dollars worth of Bitcoin and Ether. Blockchain analysis indicated that the attackers exfiltrated over 2,100 Bitcoin and 151 Ether from the platform’s reserves. Notably, more than 900 Bitcoin were taken from a single user account, highlighting the concentration of large holdings. The incident was reported as the third‑largest cryptocurrency heist at the time of its occurrence.

Following the breach, Badger’s operations were frozen while investigators examined the attack and sought to recover the stolen funds. The platform has not publicly disclosed the exact technical vulnerability that was exploited, though some reports suggested a user‑interface flaw may have been involved. The event underscored the risks associated with holding substantial digital assets in decentralized finance protocols. Despite the setback, the platform remains identified by its alias Badger in industry discussions.

No explicit information about Badger’s ownership structure is available in the provided sources. There is no mention of a parent company or any subsidiary relationships. Consequently, details regarding corporate governance or affiliations cannot be confirmed from the existing material. This concludes the factual profile based solely on the verified information given.