$102 000 USD

DECEMBER 2024

GLOBAL

RUNWAY (BYC)

DESCRIPTION OF EVENTS

BYC is a token on the Binance Smart Chain created on November 27th. The token does not appear to have any social media presence or website associated with it.

 

"This is a classic arbitrary burn vulnerability in the token’s transfer function. The autoBurnLiquidity function lacks access control, allowing anyone to burn tokens from the pair at will—easy profit!"

 

"It is a price manipulation issue due to the token's flawed mechanism, which automatically burns tokens from pairs once the token balance exceeds a threshold (e.g., lpBurnFrequency). By triggering the burn process, the attacker sandwiched it with swaps, profiting from the price distortion caused by the token burn."

 

SlowMist - $100k. Phalcon_xyz: $102.4k

 

"ALERT! Our system detected an attack on the unknown #BYC token on BSC, resulting in ~$100k in losses."

 

"According to the SlowMist security team’s monitoring, RunWay (BYC) appears to have been attacked on BSC, resulting in a loss of approximately $100K."

 

The TenArmorAlert "system has detected a suspicious attack involving #BYC on #BSC, resulting in an approximately loss of $102.4K."

 

Explore This Case Further On Our Wiki

BYC is a token on the Binance Smart Chain (BSC), created on November 27th, but apparently lacking social media presence or a website. The token is vulnerable to an arbitrary burn attack due to flaws in its transfer function, specifically in the autoBurnLiquidity mechanism that lacks access control. This vulnerability allows anyone to burn tokens from liquidity pairs, enabling attackers to profit by manipulating the token's price. The attack, which triggered the burn process and caused price distortion, resulted in approximately $102.4K in losses, as detected by security systems like SlowMist and TenArmorAlert. There does not appear to be a reachable team behind the token to assist any affected holders.

Sources And Further Reading

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