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ID:

autoshark-232

Date:

Status:

Incident Count:

October 2, 2021

Verified

3

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Certik, DeFiSafety

Loss Amount:

580,000

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Recovered:

-

Rewards:

Currency:

USD, FINS

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Dexes

Flash Loans

Extended Method:

Flash loan attack

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Days in Operation:

501

(1.37 Years)

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The DeFi protocol AutoShark Finance on the Binance Smart Chain was attacked by lightning loans. The main reason was that the exchange mining function was used by hackers in a series of transactions. Hackers could use lightning loans to occupy most of the mining pool (to make up for exchange losses/fees) ), at the same time, the exchange fee reward was obtained, and a total profit of 3.18 million FINS was obtained. Afterwards, the hacker exchanged FINS for 1,388 BNB (approximately US$580,000) after paying close to $1 million in transaction fees.

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