Detail Analysis
Date:
Status:
Count:
Contributor:
May 26, 2021
Verified
2
zerofriction.io
Loss Amount:
680,000
Recovered Amount:
-
Currency:
Dollars, ETH
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:
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.
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.