Detail Analysis
Date:
Status:
Count:
Contributor:
October 2, 2021
Verified
1
zerofriction.io
Loss Amount:
580,000
Recovered Amount:
-
Currency:
Dollars, FINS
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Binance Smart Chain
Protocol
Flash Loans
Extended Method:
Flash loan attack
Data Sources:
The DeFi protocol AutoShark Finance on the Binance Smart Chain was attacked by lightning loans. The main reason was that the exchange mining function was used by hackers in a series of transactions. Hackers could use lightning loans to occupy most of the mining pool (to make up for exchange losses/fees) ), at the same time, the exchange fee reward was obtained, and a total profit of 3.18 million FINS was obtained. Afterwards, the hacker exchanged FINS for 1,388 BNB (approximately US$580,000) after paying close to $1 million in transaction fees.
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