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ID:

pye-ecosystem-19

Date:

Status:

Incident Count:

March 24, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

2,600,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Infrastructure & Tools

Flash Loans

Extended Method:

Flash Loans

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Days in Operation:

531

(1.45 Years)

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The security firm PeckShield reported that the Pye ecosystem had been targeted with a flash loan attack, which drained around $2.6 million from the protocol. Pye is a group of defi software projects built on the Binance Chain. PYE is looking to fully disrupt the decentralized world! Pye Team has put together a team behind the PYE project to build PYECharts, PYESwap and PYEWallet which will revolutionize the future of cryptocurrency. Pye is more than just a DeFi token -- is the future of Defi/Decentralization and CEXDEX. The project had just undergone a large migration, and it appeared the bug may have been introduced in the new contracts.

Peckshield also noted that the caller verification is removed in the PYESwapPair., which would allow anyone to drain the LP liquidity.

https://twitter.com/peckshield/status/1507143800791003159/photo/1

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