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ID:

mtdao-1219

Date:

Status:

Incident Count:

October 17, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

487,043

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Recovered:

-

Rewards:

Ticker:

USD, MT

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Assets

Token

Flash Loans

Extended Method:

Price arbitrage

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Days in Operation:

62

(0.17 Years)

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Beosin Alert reported a flash loan attack against MTDAO.

Onchain analysis indicated that the attacker was able to profit ~487,043 BUSD.

The attacker called the sendtransfer function in the $MT and $ULM token contracts via the 0xd672c6ce and 0x70d68294 functions in the closed-source contract. The closed-source contract 0xFaC06484 has minter privileges. The attacker made a total profit of 1,930 $BNB, of which 1,029 $BNB was sent to 0xb2e83f01D52612CF78e94F396623dFcc608B0f86 address, then deposited to Tornado Cash. The rest was swapped for other tokens.

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