Type: #logicFlow #token
Project: Axioma
Date: 24/04/23
Blockchain: BSC
Problem: Presale wasn't ended after the token release.
During the token presale, the deployer set rate for buying initial tokens, but when the token was released the presale contract wasn't stopped.
The Hacker:
1) Takes flashloan.
2) Buys tokens using presale contract at low price rate.
3) Sells tokens using DEX at higher price rate, returns flashloan and keeps profit.
Discoverer: NaN. was hacked
Harm: 21 BNB
link
Project: Axioma
Date: 24/04/23
Blockchain: BSC
Problem: Presale wasn't ended after the token release.
During the token presale, the deployer set rate for buying initial tokens, but when the token was released the presale contract wasn't stopped.
The Hacker:
1) Takes flashloan.
2) Buys tokens using presale contract at low price rate.
3) Sells tokens using DEX at higher price rate, returns flashloan and keeps profit.
Discoverer: NaN. was hacked
Harm: 21 BNB
link