Cryptocurrency
[loss] $6M+
"Belt Finance loses millions in latest BSC-based DeFi exploit"
Primary Source ↗Financial Loss
$6.3M
(6,300,000 USD)
Blockchain(s)
Bsc
Incident Details
Belt Finance fell victim to a flash loan attack which netted an attacker $6.3 million. This was yet another exploit targeting a protocol built on the Binance Smart Chain protocol, following other attacks over the previous five months on C.R.E.A.M. Finance, bEarn, Bogged Finance, Uranium Finance, Meerkat Finance, SafeMoon, Spartan Protocol, BurgerSwap, and PancakeBunny.
Total loss estimated at $6,300,000.
Technical Details
- Initial Attack Vector
- Flash loan attack on smart contract
- Vendor / Product
- Belt Finance
Timeline
- 2021-05-29 Breach occurred
- 2021-05-29 Publicly disclosed