Cryptocurrency
[loss] $3M+
"Binance Smart Chain-based DeFi platform suffers $3M flash loan attack"
Primary Source ↗Financial Loss
$3.0M
(3,000,000 USD)
Blockchain(s)
Bsc
Incident Details
Attackers exploited a flaw in the smart contract of Bogged Finance’s BOG token to drain half the liquidity pool, equivalent about $3 million. This resulted in the BOG token tanking in value from about $1.80 to $0.0003.
Total loss estimated at $3,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Bogged Finance
Timeline
- 2021-05-23 Breach occurred
- 2021-05-23 Publicly disclosed