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31 July 2021

BSC DeFi app 'Pancakebunny' releases post-mortem of $2.4 million exploit | CryptoSlate

BSC DeFi app 'Pancakebunny' releases post-mortem of $2.4 million exploit | CryptoSlate


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In last week’s attack on the Polygon (MATIC) and QuickSwap (QUICK) version of theBinance Smart Chain(BSC) yield farming protocol PancakeBunny, 2.1 million PolyBunny (polyBUNNY) tokens were minted, resulting in an 82% price plunge from $10 prior to the exploit, to just over $2 post the initial damage.

Even though according to the team “BSC BUNNY has in no way been affected” in this particular exploit, roughly two months ago,CryptoSlatereported that PancakeBunny suffered a similar but more damaging flash loan attack.

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