Cryptocurrency
[loss] $9M+
"Safemoon liquidity pair compromised in $8.9 million hack"
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
- 2023-03-28 Breach occurred
- 2023-03-28 Publicly disclosed