⚠️ JUST IN: The BNB Chain liquidity pool was exploited, resulting in the loss of approximately $1.1 million after an attacker exploited vulnerabilities within the OLPC/LABUBU tokens on PancakeSwap. 📉
The perpetrator utilized a flaw in the token mechanics that triggered excessive token burns within the liquidity pool. This disruption to the pool's balance facilitated the drainage of funds. 💸
Approximately $1.1 million in USDT was illicitly acquired, subsequently bridged to Ethereum, and deposited as roughly 633 ETH into Tornado Cash to obscure the transaction trail. 🤫
The incident impacted the specific OLPC/LABUBU PancakeSwap V2 pool, rather than the PancakeSwap protocol itself.
@PromoWires 🔥
The perpetrator utilized a flaw in the token mechanics that triggered excessive token burns within the liquidity pool. This disruption to the pool's balance facilitated the drainage of funds. 💸
Approximately $1.1 million in USDT was illicitly acquired, subsequently bridged to Ethereum, and deposited as roughly 633 ETH into Tornado Cash to obscure the transaction trail. 🤫
The incident impacted the specific OLPC/LABUBU PancakeSwap V2 pool, rather than the PancakeSwap protocol itself.
@PromoWires 🔥