Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit
The latest in a recent spate of decentralized finance hacks. Another decentralized finance protocol was subject to a major exploit on Friday, May 28, after $7.2 million was drained from BurgerSwap (BURGER) on Binance Smart Chain.Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 million worth of BURGER tokens, $1.6 million worth of Wrapped BNB (WBNB) and $1.4 million worth of Tether (USDT). The funds were still being sold off at time of publication.BurgerSwap launched in late 2020 as what was thought to be a clone of the Uniswap decentralized....
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Another Binance Smart Chain project was exploited by a flash loan attack, with DeFi platform BurgerSwap being the victim this time. According to a twitter post written by the Burgerswap Team, there were approximately $7.2 million in funds lost from the exploit. The current total loss is around $7 million and we will strive to […]
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million in funds. Binance Smart Chain Defi Protocol Burgerswap Drained for $7.2M The Burgerswap project explained on Friday that the project saw $7.2 million in funds drained after a malicious flash loan attack. “At around 3 am on May 28th (UTC+8) Burgerswap on the BSC chain encountered a flash loan....
Here at Bicoinist, we’re covering the Binance Smart Chain’s growth as it happens. They might be the world’s biggest cryptocurrency exchange, but we’re still in awe of what Binance built seemingly overnight. And about the contributions they’ve made to the DeFi space in such a short period of time. But, can the Binance Smart Chain […]
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