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ID:

bdollar-916

Date:

Status:

Incident Count:

April 30, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

Certik

Loss Amount:

730,000

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Recovered:

-

Rewards:

Currency:

USD, BDO

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Stablecoins

Flash Loans

Extended Method:

Price Arbitrage

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Days in Operation:

4335

(11.88 Years)

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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.

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