2023-03-29 15:41:34
Safemoon Was Neither Safe Nor Moon SafeMoon’s liquidity pool was compromised. $8.9M of LP moved to a
suspicious wallet.
Wallet: https://bscscan.com/address/0x286e09932b8d096cba3423d12965042736b8f850
Transaction: https://bscscan.com/tx/0x48e52a12cb297354a2a1c54cbc897cf3772328e7e71f51c9889bb8c5e533a934
The attacker took advantage of the public burn() function, this function let
any user burn tokens from any other address (code attached).
The attacker used this function to
remove Safemoon tokens from the Safemoon-WBNB Liquidity Pool,
artificially raising the price of Safemoon.
The attacker was then able to sell Safemoon into this LP at an
overpriced rate within the same transaction,
wiping out the remaining WBNB in the liquidity pool.
This is
not the first time they've pulled money from the liquidity pool.
3.5K viewsedited 12:41