Binance Smart Chain DeFi Project Impossible Finance Hacked

[Markuri33]

Yet another DeFi project on the Binance Smart Chain has been exploited. This time, attackers nabbed $500,000 from Impossible Finance in a flash loan attack. Decentralized finance (DeFi) protocol Impossible Finance has lost as much as $500,000 in user funds during a flash loan attack today. The attack on Impossible Finance’s liquidity pool occurred at around 4:40 AM UTC on June 21 and resulted in a loss of 229.84 ETH (about $0.5 million at the time). Mudit Gupta, a core developer of SushiSwap, said it was the same type of vulnerability that was exploited in a recent $7.2 million attack on BurgerSwap, another protocol built on the Binance Smart Chain (BSC).source