ID:
autoshark-232
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Binance Smart Chain
Protocol
Dexes
Flash Loans
Extended Method:
Flash loan attack
Days in Operation:
501
(1.37 Years)
100 pts each
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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