link.png

ID:

loser-coin-1313

Date:

Status:

Incident Count:

May 14, 2022

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

web3rekt.com

KYC By:

KYC:

None

info.png

Audit By:

Audits:

None

Loss Amount:

10,415

info.png

Recovered:

-

Rewards:

Ticker:

USD, LOWB

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Assets

Token

Flash Loans

Extended Method:

Incorrect implementation of price feeder

info.png

Days in Operation:

579

(1.59 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

Loser coin ($lowb) experienced a flash loan attack, leading to approximately ~$10K USD worth of asset loss. The root cause is that the Pancake LP’s reserves are directly used as the price feeder for their LUSD contract, thus allowing the attacker to manipulate the price via flash loan.

In total approximately 10,415 USDT (~10,000 USD) was lost, which has been sold for 37.89 BNB and 36.3 BNB was transferred out of the attackers wallet to Tornado cash.

info.png

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.