🚨 A DEFI PROTOCOL LOST $550,000 — ONE SWAP BUG WAS ENOUGH! 😳$BTC
A newly reported security incident hit TENDRIL on BNB Chain, with a flaw in its token's sell logic draining almost all USDT from its liquidity pool.$BTC
$ETH
Here's what happened:
💸 Around $555,000 in pool losses were reported.
⚠️ The token's sell hook changed the pool's token balance and synchronized reserves too early.
🔓 The attacker exploited the distorted price to withdraw almost all the USDT.
🚫 No administrator key or private key was reported stolen.
The scary part: A DeFi protocol doesn't need a stolen password to lose money. One flaw in its own code can be enough.
Would you trust a DeFi platform with your funds without checking its security audits? 👇
#DeFi #CryptoHack #SmartContract #CryptoSecurity #Blockchain #BinanceSquare
A newly reported security incident hit TENDRIL on BNB Chain, with a flaw in its token's sell logic draining almost all USDT from its liquidity pool.$BTC
$ETH
Here's what happened:
💸 Around $555,000 in pool losses were reported.
⚠️ The token's sell hook changed the pool's token balance and synchronized reserves too early.
🔓 The attacker exploited the distorted price to withdraw almost all the USDT.
🚫 No administrator key or private key was reported stolen.
The scary part: A DeFi protocol doesn't need a stolen password to lose money. One flaw in its own code can be enough.
Would you trust a DeFi platform with your funds without checking its security audits? 👇
#DeFi #CryptoHack #SmartContract #CryptoSecurity #Blockchain #BinanceSquare
