Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Dociko on May 02, 2021, 05:49:21 PM
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The price of SPARTA token plunged 30% on Sunday as details of the attack came to light.
Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday.
The exploit targeted a “flawed liquidity share calculation” in the SPARTA/WBNB liquidity pool, which enabled the attacker to withdraw the funds, blockchain security company PeckShield explained.
Source: Cointelegraph
(https://cointelegraph.com/news/spartan-protocol-exploit-results-in-loss-of-30m)