Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 31, 2021, 11:59:54 PM
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In the wake of an increasing number of hacks and attacks on Binance Smart Chain (BSC) protocols, the community is calling for action.
Binance Smart Chain has become the epicenter of DeFi crime recently with protocol after protocol falling victim to hackers exploiting weak system design and code bugs using flash loans.
The BSC community has suggested that these attacks are organized and connected. In a tweet on May 31, it called upon the projects running on the chain to be more vigilant and apply necessary risk control measures.
“There are >8 flash loan hacks recently, we believe, well-organized hackers are targeting BSC now. It is a very challenging time for the BSC community. We are calling for the actions for all the dapps.”
It would not be surprising if these attacks were coordinated. Many of the protocols running on BSC are clones of others, meaning the design and code flaws would be replicated through them. Source (https://cryptonews.net/728565/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)