Just setting up my twttrBSC, ran by the crypto exchange giant Binance, might be getting popular among the projects, but it is also getting increasingly ailed by incidents, and some of them are the reoccurring flash attacks. Their Twitter ribbon on the issue provides further information, stating that USD 7.2has been stolen in two trades. __Just setting up my twttr
Per journalist’Wu Blockchain’, the total losses on BSC because of flash loans and other attacks have surpassed USD 157m in May. ____Just setting up my twttr
“BurgerSwap just experienced Flash Loan attack,” said the project’s site at 7:17 UTC today. “We’ve suspended Swap, addition or elimination of liquidity, and BURGER generation to avoid further loss.”As is always the casethere are accusations of scams by the team themselves, a rugpull disguised as an attack, and that this has now become a pattern. What has been stolen:
But researcher Andrew M. Bailey sees a positive side to this: while Bitcoiners often dismiss”the recherché altcoin projects and DeFi gizmos,” he stated, these tokens and protocols make BTC look”conservative, secure, realistic.” These attacks demonstrate that users”need to account for dangers like this to perform the DeFi game. Not so for BTC!”
____Other reactions:
8/9– jack (@jack)
8/9– jack (@jack)
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This brings the count of BSC-based-project incidents over the course of a single month – to five. – Binance Chain is On’a’ Parabola’, Surpassing Ethereum in Several Metrics
– Ethereum Developers On Why They Do Not See Cardano & Binance Chain As Rivals
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And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the shape of more flash attacks – and this time it’s Burger Swap (BURGER) and JulSwap (JULD).
BSC, ran by the crypto exchange giant Binance, might be getting popular among the projects, but it is also getting increasingly ailed by incidents, and some of these are the reoccurring
