Binance Smart Chain Claims DeFi Attacks ‘Organized and Targeted’

In the wake of an increasing number of hacks and attacks on Binance Smart Chain (BSC) protocols, the community is calling for action. Binance Smart Chain has become the epicenter of DeFi crime recently with protocol after protocol falling victim to hackers exploiting weak system design and code bugs using flash loans. The BSC community … Read more

BurgerSwap Experiences Flash Loan Attack, Loses $7 Million

Today, a decentralized finance (DeFi) protocol running on the Binance Smart Chain (BSC), BurgerSwap, lost a whopping sum of $7.2 million through a flash loan attack. This money was stolen in a series of fourteen transactions.  The total amount received by the attackers was 8,800 WBNB, a 493 WBNB swapped to 108,700 BURGER on BurgerSwap. … Read more