Binance Smart Chain
Days in Operation:
bDollar is the first algorithmic stablecoin on Binance Smart Chain with an innovative solution that can adjust its supply deterministically to move the price of the token in the direction of a target price to bring programmability and interoperability to DeFi.
KnownSec detected a price manipulation resulting in a loss of $730,000.
According to KnownSec, the core of this attack is that the contract will automatically replenish liquidity for the liquidity pool, without considering whether the token price is out of balance, so that the project party may supplement the liquidity at a high price and take over the order at a high price.
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.