Hackers withdrew cryptoassets from the DeFi PancakeBunny protocol on $200 million – Bits Media

PancakeBunny Decentralized Funding Protocol on Binance Smart Chain Hacked with Instant Loans. Hackers withdrew cryptoassets to $200 million.

PancakeBunny team told, how the attack was carried out. Сначала хакер взял огромный займ в BNB through the PancakeSwap site and used these funds to, to manipulate the price in USDT / BNB and BUNNY / BNB pairs. He then bought a significant amount of BUNNY tokens and dumped them on the market., which led to the collapse of the token price on 96%. After that, he repaid the loan to BNB.

Before the attack, the BUNNY token was traded at $150, however, during the attack, its price jumped to $240, and then collapsed to $10. After that, it dropped to $6.5, but subsequently recovered slightly and now BUNNY is trading at $30. In this way, token lost 80% its price.

Hackers took BUNNY / BNB out of the pool 114 000 BNB coins and 697 000 токенов BUNNY. The cybercriminals' total profits exceeded $200 million at the time of the attack. Hackers even left a small "joke" in the transaction, which was used to attack, wrote "ArentFlashloansEaritating".

Recall, что несколько дней назад была совершена атака на другой протокол децентрализованного финансирования на блокчейне Binance Smart Chain. Hackers withdrew from the bEarn Fi farming protocol tokens for $11 million.