At the moment, there are no details about how the smart contract was hacked. The developers of Vee Finance are investigating the incident, but for now they have completely suspended the project.
Interestingly, the hacker moved all the stolen coins to the same address, where they lie at the time of publication. The total value of funds lost by the project was $36.2 million, with the pools of stabelcoins remaining intact. Given that so far the hackers have not withdrawn the stolen money, it is possible that they are “white hackers” and they will return the tokens to Vee Finance developers later.
The Vee Finance project cannot be called overly popular, but a few days ago the total amount of blocked funds in the project exceeded $300 million. Thus, the attackers managed to steal more than 10% of the total amount of cryptocurrencies in the project pools. The project promised up to 600% annual yield in VEE/AVAX pools.