The post Slurpycoin Hit by Flashloan Attack on BSC, Attacker Bags $3K appeared first on Coinpedia Fintech News
CertiKInsight has detected a flashloan exploit in Slurpycoin in the Binance Smart Chain (BSC). The attacker exploited the token’s buyback mechanism and made about $3K through the sandwich arbitrage strategies. For instance, this exploitation appears closely related to an earlier attack of July 2 aimed at the MRP token and resulting in a $10K loss. Users and projects are encouraged to be careful and improve the measures taken to avoid such weaknesses.