QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$8 000 USD
JANUARY 2025
GLOBAL
BUIDL
DESCRIPTION OF EVENTS
The BUIDL smart contract was first launched on January 3rd, 2025 on the Binance Smart Chain.
The smart contract unfortunately had a vulnerability in the transfer function.
"It appears that there is a flaw in the transfer() function in the #BUIDL smart contract that can burn token from the pair which can be easily exploited."
"resulting in an approximately loss of $8K."
The incident was reported by TenArmorAlert.
It is unclear who created this smart contract and who was affected.
The BUIDL smart contract, launched on January 3rd, 2025, on the Binance Smart Chain, was found to have a vulnerability in its transfer() function. This flaw allowed tokens from the pair to be easily burned, leading to a loss of approximately $8,000. The incident was reported by TenArmorAlert, though it remains unclear who created the smart contract or who was directly affected by the exploit.
Attack Transaction Receiving 8,037.009088985334656993 BSCUSD - BSCScan (Mar 4)
TenArmorAlert - "It appears that there is a flaw in the transfer() function in the #BUIDL smart contract that can burn token from the pair which can be easily exploited." - Twitter/X (Mar 4)
SlowMist - "BUIDL (Loss: ~$8K)" - Twitter/X (Mar 4)
Contract Creation Transaction - BSCScan (Mar 4)
