Slurpycoin Hit by Flashloan Attack on BSC, Attacker Bags $3K

The post Slurpycoin Hit by Flashloan Attack on BSC, Attacker Bags $3K appeared first on Coinpedia Fintech News

CertiKInsight has detected a flashloan exploit in Slurpycoin in the Binance Smart Chain (BSC). The attacker exploited the token’s buyback mechanism and made about $3K through the sandwich arbitrage strategies.  For instance, this exploitation appears closely related to an earlier attack of July 2 aimed at the MRP token and resulting in a $10K loss.  Users and projects are encouraged to be careful and improve the measures taken to avoid such weaknesses. 

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