A very similar attack was used.
30 May 2023, 17:40
A very similar attack was used.
Attacker borrowed $10M from AAVE, purchased $JIMBO, sold it back into the liquidity pool and paid back their loan.
But this time, getting away with 4,000+ in ETH.
The common denominator between these tokens seems to be the token tax.
Same news in other sources
230 May 2023, 17:40
It's unlikely all tokens with a tax are at risk, but anyone purchasing tokens with a tax should be vigilante and token creators should be aware of financial based attacks when implementing such functionalities.
It's unlikely all tokens with a tax are at risk, but anyone purchasing tokens with a tax should be vigilante and token creators
It's unlikely all tokens with a tax are at risk, but anyone purchasing tokens with a tax should be vigilante and token creators should be aware of financial based attacks when implementing such functionalities.
30 May 2023, 17:40
A couple weeks ago @blockworks_ covered a story we discovered where hackers were able to use flashloans to drain liquidity pools. At the time, most of the tokens we discovered were meme coins with less than $100k in liquidity.
This week $6M was stolen from @jimbosprotocol
A couple weeks ago @blockworks_ covered a story we discovered where hackers were able to use flashloans to drain liquidity pools
A couple weeks ago @blockworks_ covered a story we discovered where hackers were able to use flashloans to drain liquidity pools. At the time, most of the tokens we discovered were meme coins with less than $100k in liquidity.
This week $6M was stolen from @jimbosprotocol