Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO.

Equally reported past Cointelegraph on Thursday, the assail targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets.

According to one Redditor, the biggest alleged victim of the hack was an address that lost 896 Wrapped Bitcoin ($51 one thousand thousand). The address is supposed to exist endemic by Celsius "since it has interacted with other addresses known to be endemic past them."

The address regularly transacts with an address that has a $67 meg residue, $40 million of which is Celsius' eponymous native token CEL.

The address is as well declared to be owned by Celsius as it is related to at least one accost that is tagged equally Celsius Network Wallet five on Etherscan as they share several major transactions.

"All this ways that in that location's a high chance that the address who lost 900 BTC was owned by Celsius. Celsius has non confirmed anything yet, so this is all speculation for now, so we don't know for sure if Celsius was affected or not," the user suggested.

Celsius did non immediately respond to Cointelegraph's request for comment.

The starting time reports on BadgerDAO's security breach surfaced in early on December, with the protocol officially announcing that information technology received multiple exports of unauthorized withdrawals of user funds on Wednesday. The Badger team continued investigating the effect and paused all smart contracts on the protocol to avoid whatever further losses.

The Celsius token experienced a notable driblet in belatedly November. After reaching $four.5 on Nov. 25, CEL dropped to as low as $three.9 the next day, slightly recovering since then. At the time of writing, CEL is trading at $4.00, which is down effectually ix% over the by seven days but up around 1% over the past 14 days.

14-day CEL token price. Source: CoinGecko

Related: DeFi disasters: $31M tuckered from MonoX and BadgerDAO losses height $120M

Celsius Network is a major crypto lending platform, allowing users to earn interest on belongings digital avails like Bitcoin (BTC). The visitor has emerged equally one of the biggest players in DeFi, cracking a valuation between $3.5 billion after expanding its $400-meg Series B funding round from October to $750 million in belatedly November.