
Detail Analysis

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 (BSC) was attacked by a lightning loan, and the currency price suffered a flash crash, with a drop of more than 99% at one time, loss of 750,000 USD. A hacker used 100K BNB of flash loan and minted 135M of SHARK token from Autoshark. As a result, the hacker has taken out 2.2k WBNB (~$745k).
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