PancakeBunny, the popular Binance Smart Chain-based decentralized finance protocol, was hacked by a hacker. It is stated that the amount affected is 200 million dollars.
In messages shared by the PancakeBunny team, it was reported that they were subjected to a credit attack by an out-of-protocol actor. The attacker borrowed a “large amount” of Binance Coin (BNB) before changing the asset’s price and adding it for the platform’s BUNNY / BNB market.
4⃣ The hacker then dumped all the bunny in the market, causing the bunny price to plummet
5⃣The hacker paid back the bnb through pancakeswaphttps://t.co/ph9OoLQQADhttps://t.co/IWYfBHuijb
— pancakebunny.finance (@PancakeBunnyFin) May 20, 2021
During the attack, the price of BUNNY first jumped from $ 150 to $ 240, then dropped to $ 0 in just 30 minutes. After consolidating under $ 10 for about two hours, BUNNY most recently changed hands to $ 8.8.
The BUNNY / BNB parity was the only repository evacuated by the hacker, while the cyber attacker captured 697,000 BUNNY and 114,000 BNB. At the time of publication of the news, this amount 200 million dollars It was calculated to coincide.
The attacker also added a special note to the actions that drain the pool, which includes a rabbit-themed word game: “ArentFlashloansEaritating”. All funds borrowed to carry out the attack were returned through Pancakeswap.
The attack caused significant damage to one of Binance Smart Chain’s leading projects. With a total value of more than $ 1 billion, Bunny’s supporters ask whether the Binance exchange will act to make up for what happened. arguing.
In May 2019, Binance lost more than $40 million in a massive attack, and its CEO, CZ, suggested that the losses could be reversed by teaming up with miners to undo transactions on the Bitcoin blockchain.