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ID:

autoshark-finance-344

Date:

Status:

Incident Count:

May 24, 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

Loss Amount:

750,000

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Recovered:

-

Rewards:

Currency:

USD, SHARK, WBNB

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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 (BSC) was attacked by a lightning loan, and the currency price suffered a flash crash, with a drop of more than 99% at one time, loss of 750,000 USD. A hacker used 100K BNB of flash loan and minted 135M of SHARK token from Autoshark. As a result, the hacker has taken out 2.2k WBNB (~$745k).

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