Polygon, Binance Smart Chain
Flash loan attack
Days in Operation:
A flash loan attack had been launched successfully against Polygon PancakeBunny. This time, the attacker used a $48 million flash loan to mint 2.1 million PolyBUNNY tokens, which were sold for Ether and used to repay the loan, netting the attacker 1,287.1 ETH, worth some $2.4 million. From the developers, "as many of you are aware, there was an economic exploit of polyBUNNY outside the polygon.pancakebunny.finance platform, resulting in the minting of 2.1M polyBUNNY and a drop in the price of polyBUNNY to just over $2 at Jul-16–2021 07:17:11 PM +UTC.Polygon".
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