Binance Smart Chain
Days in Operation:
BlockSec monitoring system reported that a front-running transaction targeting RADT-DAO token (https://tools.blocksec.com/tx/bsc/0xd692f71de2768017390395db815d34033013136c378177c05d0d46ef3b6f0897), and the loss is around 94,304.58 USDT. It caused the price of RADT-DAO token dropped 81.97%.
There are three front-running transactions and a failed "original" transaction (https://bscscan.com/tx/0xe4f697883c2963eda98245bf25ad4613b5f0bf623253ff886066a6dd37dc36f6). Through the investigation, we find that the attack is made possible due to the price manipulation of the RADT-DAO - USDT pair in the Pancake pool.
1) Borrow USDT via flashloan
2) Partially swap USDT for RADT-DAO token in the Pancake pool
3) Trigger the fallback function of the RADT-DAO contract to transfer the remaining RADT-DAO in the Pancake pool
4) Swap RADT-DAO (from Step 2) for USDT
5) Return the flashloan
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