Blueberry DeFi Protocol Temporarily Pauses Lending

In a post dated Feb. 23 on X, the Blueberry Protocol Foundation acknowledged the existence of the ongoing exploit. However, it was noted that the situation had already been addressed by the whitehat hacker known as “c0ffeebabe,” as reported by blockchain security firm PeckShield.

In a separate communication, users were advised to promptly withdraw their funds from Blueberry lending markets, and the protocol was swiftly put on pause to contain the situation. Amidst the turmoil, users encountered challenges withdrawing funds, with Blueberry acknowledging the front end’s unavailability.

“The front end is also down, so if you are able to interact directly with the contracts to withdraw, please do.”

UPDATE: The protocol has been paused. Funds currently deposited are no longer exploitable and we will update as we have more information https://t.co/otsa1WZMEj

— Blueberry Protocol Foundation 🫐🫐 (@blueberryFDN) February 23, 2024

Approximately 30 minutes later, Blueberry confirmed the successful pause of the protocol, ensuring that funds already deposited were no longer vulnerable to exploitation.

Related: Defi TVL Exceeds $55 Billion Amid Crypto Market Surge

As of the writing of this update, the Blueberry website and app remained offline, displaying an application error message: “A client-side exception has occurred.”

Blueberry protocol, known for facilitating decentralized lending markets and supporting leveraged borrowing up to 20 times the collateral value, boasts a total value locked of $4.5 million, according to DefiLlama. Notably, it was forked from the Compound DeFi protocol.