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DESCRIPTION OF EVENTS

"We detected that $GPU was exploited due to an incorrect balance update."

"GPU on BNBChain was attacked, with a loss of about $32,000. There is a logic vulnerability in the _transfer function of the contract. When transferring money to yourself, the balance will increase by the amount of the transfer."

"classic self-transfer problem, user transfer himself will increase token balance, in this transfer code , if sender=recipient , balance of sender will add the transfer amount"

A smart contract token named GPU on the Binance Smart Chain (with no relation to the similarly named GPU token by NodeAI) was launched and catastrophically failed on May 8th, 2024. The token had a vulnerability which allowed the user to double any amount of the token which they sent to themselves. The massive supply inflation caused a quick collapse of the token price.

SlowMist Hacked - SlowMist Zone (May 30)
@SlowMist_Team Twitter (May 30)
GPU | Address 0xf51cbf9f8e089ca48e454eb79731037a405972ce | BscScan  (May 30)
BNB Smart Chain Transaction Hash (Txhash) Details | BscScan  (May 30)
@PeckShieldAlert Twitter (May 30)
@EXVULSEC Twitter (May 30)
@De_FiSecurity Twitter (May 30)
@MetaTrustAlert Twitter (May 30)
@ChainAegis Twitter (May 30)
@web3_watchdog Twitter (May 30)
@CryptoMeechie Twitter (May 30)
@dunkerkongeth Twitter (May 30)
@NodeAIETH Twitter (May 30)

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