Hdr_About.jpg

Detail Analysis

link.png

Date:

Status:

Count:

Contributor:

March 24, 2022

info.png

Verified

1

zerofriction.io

Loss Amount:

2,600,000

info.png

Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

info.png

Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Binance Smart Chain

Protocol

Infrastructure & Tools

Flash Loans

Extended Method:

Flash Loans

Data Sources:

info.png

The security firm PeckShield reported that the Pye ecosystem had been targeted with a flash loan attack, which drained around $2.6 million from the protocol. Pye is a group of defi software projects built on the Binance Chain. PYE is looking to fully disrupt the decentralized world! Pye Team has put together a team behind the PYE project to build PYECharts, PYESwap and PYEWallet which will revolutionize the future of cryptocurrency. Pye is more than just a DeFi token -- is the future of Defi/Decentralization and CEXDEX. The project had just undergone a large migration, and it appeared the bug may have been introduced in the new contracts.

Peckshield also noted that the caller verification is removed in the PYESwapPair., which would allow anyone to drain the LP liquidity.

https://twitter.com/peckshield/status/1507143800791003159/photo/1

info.png

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.