$17 000 USD

NOVEMBER 2024

GLOBAL

BSCGEM

DESCRIPTION OF EVENTS

BSCGem is a smart contract on BSC. No further details could be determined.

 

"The root cause appears to be the interest mechanism within the token's transfer function. The attacker inflated the _interestAmount by repeatedly buying and selling tokens, ultimately extracting a significant amount of interest from the BSCGem contract, which they then sold for profit."

 

"resulting in an approximately loss of $17.3K."

 

"Our system has detected that #BSCGem on #BSC was attacked, resulting in an approximately loss of $17.3K."

 

"According to monitoring by the SlowMist Security Team, the BSCGem (BSCGem) on BSC is suspected to have been attacked, resulting in a loss of approximately $17.3K."

 

"We detected potential suspicious activity related to the interest function of $BSCGem (0x256B37c4000E2a327E4d3B10AeE244EA5d4A3668)."

 

Explore This Case Further On Our Wiki

The BSCGem smart contract on the Binance Smart Chain appears to have been exploited for $17.3k due to a vulnerability in the inflation function of the contract. No further details could be located to suggest that the protocol had issued a public statement or was working to compensate affected users.

Sources And Further Reading

 For questions or enquiries, email info@quadrigainitiative.com.

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