Binance Smart Chain
Logic error, unchecked spending
Days in Operation:
100 pts each
Feed Every Gorilla (FEG Token) is the hyper-deflationary governance token of FEGex lies at the very heart of the FEG entire ecosystem and offers a passive income to all its holders.
Dev team reported an isolated exploit to the FEGtoken swap contracts on the BSC and ETH networks on FEGex. Trading of FEG on FEGex was temporarily halted until further investigation of this is done by the DEV team.
According to Peckshield the hacker constructed a flashloan to drain the FEG token within the contract. It was made possible because a logic error allowing an uncheck spending against a specific address path which the exploiter manipulated.
Over $1.3M was taken and set to Tornado.Cash.
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