Bitcoin
Bitcoin (BTC)
$64,504.00 1.2357
Bitcoin price
Ethereum
Ethereum (ETH)
$3,087.04 0.6937
Ethereum price
BNB
BNB (BNB)
$558.77 1.28185
BNB price
Solana
Solana (SOL)
$146.20 4.72967
Solana price
XRP
XRP (XRP)
$0.4993760 -0.31728
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.21913
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.29987
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.63148
Bonk price
Bitcoin
Bitcoin (BTC)
$64,504.00 1.2357
Bitcoin price
Ethereum
Ethereum (ETH)
$3,087.04 0.6937
Ethereum price
BNB
BNB (BNB)
$558.77 1.28185
BNB price
Solana
Solana (SOL)
$146.20 4.72967
Solana price
XRP
XRP (XRP)
$0.4993760 -0.31728
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.21913
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.29987
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.63148
Bonk price
Bitcoin
Bitcoin (BTC)
$64,504.00 1.2357
Bitcoin price
Ethereum
Ethereum (ETH)
$3,087.04 0.6937
Ethereum price
BNB
BNB (BNB)
$558.77 1.28185
BNB price
Solana
Solana (SOL)
$146.20 4.72967
Solana price
XRP
XRP (XRP)
$0.4993760 -0.31728
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.21913
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.29987
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.63148
Bonk price
Bitcoin
Bitcoin (BTC)
$64,504.00 1.2357
Bitcoin price
Ethereum
Ethereum (ETH)
$3,087.04 0.6937
Ethereum price
BNB
BNB (BNB)
$558.77 1.28185
BNB price
Solana
Solana (SOL)
$146.20 4.72967
Solana price
XRP
XRP (XRP)
$0.4993760 -0.31728
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.21913
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.29987
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.63148
Bonk price
SirWin
SirWin
SirWin

Safemoon hacked for nearly $9 million

safemoon-hacked-for-nearly-9-million
Edited by
News
Safemoon hacked for nearly $9 million

Safemoon has suffered an exploit of $8.9 million. The attacker reportedly took advantage of the “public burn” feature on the platform to orchestrate the heist in the BNB Chain-based DeFi protocol.

Safemoon, a BNB Chain-based decentralized finance (DeFi) protocol, is the latest project to fall victim to hackers. 

A bad actor has successfully exploited the public burn function on the Safemoon liquidity pool, draining $8.9 million from the protocol. The public burn function, introduced in a recent upgrade by the project, enables Safemoon users to burn tokens from other addresses.

The attacker then manipulated this feature, enabling them to remove SFM tokens from the Safemoon-WBNB liquidity pool. Once that was done, the price of SFM surged artificially. The attacker then went ahead to sell the overpriced SFM tokens for WBNB.

You might also like: Twitter data suggests safemoon and BNB supported by bots

The Safemoon team is aware of the exploit and has clarified that it’s trying its best to resolve the issue.

While the price of bitcoin (BTC) and other crypto assets have increased in the last 24 hours, the same cannot b said of Safemoon’s native SFM token, which has crashed by over 16% due to the attack, according to CoinGecko.

Safemoon (SFM) 24-hour chart | Source: CoinGecko
Safemoon (SFM) 24-hour chart | Source: CoinGecko

At the time of writing, SFM is exchanging hands for $0.00019186, with a 24-hour trading volume of $1,2 million, according to CoinGecko. 

Read more: Millions of dollars already lost to hacks in 2023

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