Popular decentralized exchange (DEX) SafeMoon, based on BNB Chain, was hacked for around $9 million, while the local token SFM price dropped sharply.
Attackers taking advantage of a mistake in SafeMoon smart contracts $8.9 million worth of tokens rang. According to data provided by BscScan, attackers targeted billions of locked SFMs in a single liquidity pool on the platform.
Attackers, who took over the liquidity pool, burned a large amount of SFM in a short time, creating an artificial price rise, and thus, they were able to withdraw the liquidity in their hands in a single transaction. On-chain security company peckshielda recent update facilitating the attack One “public burning error” He suggested that he might have.
SafeMoon CEO John Karonyright after what happened that the platform, other liquidity pools and SFM tokens are secureindicating that the attack took place on a single liquidity pool. shipment shared.
The SafeMoon team, who made a statement on the subject on social media, made the following statements:
We would like to inform you that our LP has been compromised. We act quickly to resolve the issue as soon as possible.
CoinGecko according to data SFMafter the attack a drop of more than 30% by living $0.000251 from the levels $0.000167 as much as it declined. Parallel to the market rise in the last hours, there has been a recovery in price. SFMat the time of writing from $0.000195 is being traded.