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DeFi Hack Analysis: Project PancakeBunny Attacked via Major $200 Million Flash Loan Vulnerability


DeFi Hack Analysis: Project PancakeBunny Attacked via Major $200 Million Flash Loan Vulnerability
May 20, 2021 @ 9:17 pm By Omar Faridi
SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), has conducted an analysis on the recent
PancakeBunny hack.
SlowMist Zone had reported that PancakeBunny, the decentralized finance (DeFi) revenue aggregator on the Binance Smart Chain (BSC), experienced a flash loan attack. SlowMist claims that it got involved “immediately” and has shared the results of their investigation.
Notably, PancakeBunny is the latest victim in the flash loan attacks being directed at DeFi projects that may not have written smart contract code that’s secure and thoroughly audited. According to several reports, the hacker managed to net approximately $200 million from the BSC exchange after successfully manipulating price ....

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