Cryptocurrency [loss] $3M+

Tweet by PeckShieldAlert

2022-03-24 [vendor] Pye [chain] bsc
Primary Source ↗
Financial Loss $2.6M (2,600,000 USD)
Blockchain(s) Bsc

Incident Details

The security firm PeckShield reported that the Pye ecosystem had been targeted with a flash loan attack, which drained around $2.6 million from the protocol. Pye is a group of defi software projects built on the Binance Chain. The project had just undergone a large migration, and it appeared the bug may have been introduced in the new contracts.

Total loss estimated at $2,600,000.

Technical Details

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

Timeline

  1. 2022-03-24 Breach occurred
  2. 2022-03-24 Publicly disclosed