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Detail Analysis

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Date:

Status:

Count:

Contributor:

May 26, 2021

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Verified

2

zerofriction.io

Loss Amount:

680,000

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Recovered Amount:

-

Currency:

Dollars, ETH

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Binance Smart Chain

Protocol

Flash Loans

Extended Method:

Flash loan attack

Data Sources:

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MerlinLab, the DeFi revenue aggregator, was attacked. The attack method was similar to that of PancakeBunn. According to a report on Rekt, Merlin Lab, a fork of PancakeBunny was hacked and the platform lost about 240 ETH which was worth about $680,000 at the time it was hacked. The hacker allegedly followed a series of steps to successfully perpetuate his act. According to the transaction details on BscScan, the hacker first deposited a small amount to the LINK-BNB Vault and obtained a getReward, then sent 180 CAKE to the LINK-BNB Vault contract.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.