Cryptocurrency [loss] $9M+

"Safemoon liquidity pair compromised in $8.9 million hack"

2023-03-28 [vendor] SafeMoon [chain] bsc
Primary Source ↗
Financial Loss $8.9M (8,900,000 USD)
Blockchain(s) Bsc

Incident Details

If the pump-and-dump didn’t get you, the liquidity pool compromise might have! Holders of the SafeMoon token were informed that the SafeMoon liquidity pool had been compromised, and $8.9 million had been stolen, after a code upgrade introduced a bug. The attacker was able to take advantage of the bug to artificially inflate the price of the SafeMoon token, then sell it to steal the erroneous “profit”.

Total loss estimated at $8,900,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
SafeMoon

Timeline

  1. 2023-03-28 Breach occurred
  2. 2023-03-28 Publicly disclosed