Another decentralized finance protocol was hacked on Friday, May 28th. $7.2 million was stolen from Binance Smart Chain protocol BurgerSwap (BURGER).
Various cryptocurrencies were stolen, including $3.2 million worth of BURGER, $1.6 million worth of Wrapped BNB (WBNB) and $1.4 million worth of Tether (USDT).
BurgerSwap was launched in late 2020, a kind of clone of decentralized exchange Uniswap. However, after the cyber-attack, BurgerSwap found that a critical line of code in Uniswap was missing, and the cyber-attack was probably carried out by focusing on this. This situation, some social media users led BugerSwap developers to think it was after the cyber attack.
The BurgerSwap team says they are “working on the problem” and creating new tokens to prevent further loss. announced that they were suspending:
“BurgerSwap suffered an instant credit attack. To prevent further losses, we have suspended the production of Swaps and BURGERs. Our tech team is working on the issue and will post the solution later. More details will be given soon. Thank you for your patience.”
Cyberattacks against protocols on Binance Smart Chain gained momentum this month. PancakeBunny (BUNNY), hacked on May 20, lost $200 million, while Bogged Finance (BOG), hacked on May 24, lost $3 million.