Cryptocurrency [loss] $770,000

PeckShield tweet

2022-01-16 [vendor] CryptoBurgers [chain] bsc
Primary Source ↗
Financial Loss $770,000 (770,000 USD)
Blockchain(s) Bsc

Incident Details

The value of the $BURG token associated with the CryptoBurgers game suddenly plummeted after being hacked shortly after launching earlier that day. The game allowed users to earn cryptocurrency by flipping burgers… yes, really. A bug in the smart contract allowed an attacker to use flash loan attacks to drain $BURG, netting them around $770,000 as of that evening. The CryptoBurgers team announced they would be contacting Binance to try to recover funds, and the team would be creating a new smart contract and token. Hope the next one goes better!

Total loss estimated at $770,000.

Technical Details

Initial Attack Vector
Flash loan attack on smart contract
Vendor / Product
CryptoBurgers

Timeline

  1. 2022-01-16 Breach occurred
  2. 2022-01-16 Publicly disclosed