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Detail Analysis

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Date:

Status:

Count:

Contributor:

March 15, 2021

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Verified

1

zerofriction.io

Loss Amount:

7,095,340

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Recovered Amount:

-

Currency:

Dollars

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:

Protocol

Contract Vulnerabilities

Extended Method:

mint violation

Data Sources:

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True Seigniorage Dollar (TSD), a cross-chain stablecoin on the Ethereum and Binance Smart Chain, took to Twitter to unveil that a malicious attacker has just utilized $TSD DAO to mint 11.5 quintillion and sold 11.8 billion tokens to his own account and sold all to Pancakeswap. True Seigniorage Dollar stated that the dev account has only 9% of the DAO, while the hacker gradually bought $TSD at a low price to accumulate until he has more than 33% of the DAO. Then he proposed an Implementation and voted for it. Because he possessed enough stack to finish the voting process, the Implementation went through successfully. In the Implementation, the attacker added code to mint for himself 11.8 billion $TSD. Then he sold all of the tokens to Pancakeswap, according to the tweet.

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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.