Binance Smart Chain
Flash loan attack
ApeRocket, the DeFi revenue mining aggregator and optimizer, released the lightning loan attack details and compensation plan. ApeRocket's BSC version and Polygon version encountered lightning loan attacks at 4:30 AM and 8:00 AM (UTC), respectively, and lost 260,000 US dollars and 1,000,000. Without going into too much detail, in both cases substantial amounts of money were borrowed via AAVE (Polygon) and PancakeSwap (BSC). In the first case the funds were deposited on the DAI — MATIC LP vault and in the second the CAKE vault. Due to the large amount of money deposited, the hacker held more than 99% of the funds on these two vaults. Once everything was in place, large amounts of money were sent to the vault contract (flashloan). Then functions were called from these vaults and an anomalously high number of tokens were minted in response, as these CAKE generated were far greater than the reality.
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