BurgerSwap, a Binance Smart Chain (BSC) DeFi platform, suffered a flash loan attack at around 3 am on May 28. The malicious actor succeeded in stealing roughly $7.2 million.
According to the incident report shared by the BurgerSwap team on Twitter, the attacker was able to create a “fake coin,” a loophole that can be exploited by anyone on BSC. The fake token was used to form a trading pair with the BURGER token. The devs explained:
In total, the attacker went home with 432,000 BURGER ($3.2 million), 4,400 BNB (worth around $1.6 million), 142,000 xBURGER ($1 million), 1.4 million USDT stablecoins, 22,000 BUSD, and 2.5 Ethereum ($6,800).
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Source: Cryptocurrency - investing.com
