The post Crypto Hack Hits Binance Smart Chain: CertiK Tracks $2M Exploit appeared first on Coinpedia Fintech News
The rising phishing, wallet hack, and security breaches are creating panic in the crypto space. Recently, Blockchain security firm CertiK revealed that in May alone, around $140.1 million was lost to crypto hacks, scams, and exploits, while $162 million in assets were frozen. Notably, phishing attacks accounted for about $8.5 million of the total losses.
CertiK alert has flagged a major exploit on the Binance Smart Chain (BSC), where an attacker drained nearly $2 million by abusing a smart contract function called printMoney().
Exploiter Uses Authorized Contract to Steal Funds
#CertiKInsight
We have detected suspicious txns by a known exploiter address 0xd5c6f3B71bCcEb2eF8332bd8225f5F39E56A122c on BSC, which repeatedly calls printMoney() on its authorized attack contract to drain ~$2M from unverified victim 0xb5cb0.
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