BUIDL BSC Transfer Burn Smart Contract Vulnerability
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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.[1][2][3][4]
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".
| 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
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ Attack Transaction Receiving 8,037.009088985334656993 BSCUSD - BSCScan (Accessed Mar 4, 2025)
- ↑ 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)
- ↑ SlowMist - "BUIDL (Loss: ~$8K)" - Twitter/X (Accessed Mar 4, 2025)
- ↑ Contract Creation Transaction - BSCScan (Accessed Mar 4, 2025)