Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/buidlbsctransferburnsmartcontractvulnerability.php}} {{Unattributed Sources}} Binance Smart ChainThe 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 inc..."

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Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/buidlbsctransferburnsmartcontractvulnerability.php}} {{Unattributed Sources}} thumb|Binance Smart ChainThe 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 inc..."

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{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/buidlbsctransferburnsmartcontractvulnerability.php}}
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[[File:Binancesecurity.jpg|thumb|Binance Smart Chain]]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.<ref name="attacktx-18232" /><ref name="tenarmoralert-18233" /><ref name="slowmistweekly-18234" /><ref name="createtx-18235" />

== About BUIDL ==
The BUIDL smart contract was first launched on January 3rd, 2025 on the Binance Smart Chain.

== The Reality ==
The smart contract unfortunately had a vulnerability in the transfer function.

== What Happened ==
The BUIDL token smart contract was emptied by a wallet known as "JHY Exploiter".
{| class="wikitable"
|+Key Event Timeline - BUIDL BSC Transfer Burn Smart Contract Vulnerability
!Date
!Event
!Description
|-
|January 3rd, 2025 6:43:57 AM MST
|Smart Contract Creation
|The BUIDL smart contract is first created.
|-
|January 12th, 2025 1:41:42 AM MST
|Attack Transaction On BSC
|The attack transaction itself on the Binance Smart Chain.
|-
|January 12th, 2025 3:12:00 AM MST
|TenArmorAlert Posted Tweet
|TenArmorAlert posts about the exploit on Twitter/X.
|-
|January 12th, 2025 3:31:00 AM MST
|TenArmorAlert Adding Image
|TenArmorAlert adds an image with some parts of the smart contract code to their tweet.
|-
|January 14th, 2025 8:05:00 AM MST
|SlowMist Summary List
|The BUIDL smart contract breach is included in a list of hacks from the past week by SlowMist.
|}

== Technical Details ==
"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."

== Total Amount Lost ==
"resulting in an approximately loss of $8K."

The total amount lost has been estimated at $8,000 USD.

== Immediate Reactions ==
The incident was reported by TenArmorAlert.

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
It is unclear who created this smart contract and who was affected.
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="attacktx-18232">[https://bscscan.com/tx/0x24c004505bd44621015396e78b952bffe886e85e5f28ade3634295d600f4a18e Attack Transaction Receiving 8,037.009088985334656993 BSCUSD - BSCScan] (Accessed Mar 4, 2025)</ref>

<ref name="tenarmoralert-18233">[https://twitter.com/TenArmorAlert/status/1878389367074705463 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] (Accessed Mar 4, 2025)</ref>

<ref name="slowmistweekly-18234">[https://twitter.com/SlowMist_Team/status/1879182969405075884 SlowMist - "BUIDL (Loss: ~$8K)" - Twitter/X] (Accessed Mar 4, 2025)</ref>

<ref name="createtx-18235">[https://bscscan.com/tx/0x5d903d95998efeb92030817e390fcdfbdaf6964569dd823c8b799e2bf6f3b3db Contract Creation Transaction - BSCScan] (Accessed Mar 4, 2025)</ref></references>

BUIDL BSC Transfer Burn Smart Contract Vulnerability - Revision history