Binance Smart Chain
Price arbitrage, logic error
Days in Operation:
100 pts each
The SpaceGodzilla project on BSC Chain has been hit by a flash loan attack. Hackers use flash loans to borrow large amounts of funds to manipulate the price of platform coins in the PancakeSwap trading pool, and exploited the vulnerabilities in the project to attack. This attack hacker arbitraged $25,378 and transferred to Tornado.Cash.
The reason for this attack is that there are certain security vulnerabilities in the code logic in the project, the swapAndLiquifyStepv1() function adds both tokens under the contract to the trading pool of PancakeSwap when adding liquidity.At this time, the proportion of the transaction pool is unbalanced, then giving the chance to hackers exploiting this vulnerability to attack
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