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Belt Finance, a Binance Smart Chain based decentralized loan and borrowing protocol, has lost $6.3 million in a flash loan attack last week.
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team.
CipherTrace will begin analyzing transactions on Binance Smart Chain-based protocols.
Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports. The following Sunday, Bogged Finance saw $3 million exploited from a flash loan attack. Pancakebunny Gets Hit by a Flash Loan Attack – $3 Million Drained Ever since hackers leveraged flash loans to attack the defi ...
Bogged Finance joins a long list of Binance Smart Chain projects that have suffered attacks over the last few months.