Cryptocurrency
[loss] $770,000
PeckShield tweet
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
- 2022-01-16 Breach occurred
- 2022-01-16 Publicly disclosed