Binance Smart Chain
Flash loan attack
Days in Operation:
100 pts each
MerlinLab, the DeFi revenue aggregator, was attacked. The attack method was similar to that of PancakeBunny. According to a report on Rekt, Merlin Lab, a fork of PancakeBunny was hacked and the platform lost about 240 ETH which was worth about $680,000 at the time it was hacked. The hacker allegedly followed a series of steps to successfully perpetuate his act. According to the transaction details on BscScan, the hacker first deposited a small amount to the LINK-BNB Vault and obtained a getReward, then sent 180 CAKE to the LINK-BNB Vault contract.
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