Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on March 29, 2023, 01:28:35 PM
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On March 28, Safemoon Network experienced an attack on its BNB liquidity pool, resulting in a loss of approximately $8.9 million. The attack exploited a faulty smart contract design that allowed any user to burn tokens from any address. The attacker siphoned SFM tokens from the Safemoon-WBNB liquidity pool, artificially raising the SFM price, and sold them into the same liquidity pool at an inflated rate, wiping out the remaining WBNB.