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