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13 May 2021

Spartan Protocol exploit results in loss of $30M

Spartan Protocol exploit results in loss of $30M


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Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. .

Spartan Protocol tweeted about the exploit late Saturday, explaining that the “Attacker used $61m in BNB to overcome the pools via [...] as yet unknown economic exploit path to remove roughly $30m in funds from the pools.”.

What we know so far - *Attacker used $61m in BNB to overcome the pools via a as yet unknown economic exploit path to remove roughly $30m in funds from the pools.

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