HMS HMagician Smart Contract Burn Mechanism Exploited

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Binance Security Image

A recently deployed HMS (short for HMagician) smart contract contained a vulnerability in its burn mechanism. This flaw was exploited, leading to an estimated loss of approximately $94.6K, according to a report by TenArmor. The project does not appear to have a public presence, and there is no indication that any of the stolen funds have been recovered. TenArmor has published a detailed overview of the exploit, and while no official recovery efforts have been confirmed, an investigation may be underway to trace or return the funds.[1][2][3][4]

About HMS

HMS appears to be short for HMagician. The HMS smart contract was created on August 12th, 2025.

The Reality

Unfortunately, the burn logic of the HMS smart contract burn mechanism was vulnerable.

What Happened

The recently deployed HMS (HMagician) smart contract was exploited due to a vulnerability in its burn mechanism, resulting in a loss of approximately $94.6K

Key Event Timeline - HMS HMagician Smart Contract Burn Mechanism Exploited
Date Event Description
August 12th, 2025 6:00:25 AM MDT Smart Contract Created The HMS/HMagician smart contract is first launched on the Binance Smart Chain.
August 24th, 2025 8:43:45 PM MDT Attack Transaction The reported attack transaction is accepted and incorporated into the BSC blockchain.
August 24th, 2025 9:38:00 PM MDT TenArmor Posts Tweet TenArmor posts a tweet about the suspicious attack. The losses are reported as approximately $94.6k.

Technical Details

The issue was reportedly related to the burn mechanism of the smart contract being exploited.

Total Amount Lost

TenArmor reports "an approximately loss of $94.6K".

The total amount lost has been estimated at $95,000 USD.

Immediate Reactions

There is no suggestion that the project has reacted to the compromise publicly.

Ultimate Outcome

TenArmor published a report with an overview of the exploit.

Total Amount Recovered

There is no indication that any funds have been recovered.

There do not appear to have been any funds recovered in this case.

Ongoing Developments

There could be an investigation to trace the funds, or return to users.

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

  1. ↑ Ten Armor - "Our system has detected a suspicious attack involving #HMS on #BSC, resulting in an approximately loss of $94.6K. It appears that the #HMS token's burn mechanism was exploited." - Twitter/X (Accessed Aug 25, 2025)
  2. ↑ Attack Transaction - BSCScan (Accessed Aug 25, 2025)
  3. ↑ HMS Smart Contract - BSCScan (Accessed Aug 25, 2025)
  4. ↑ HMS Smart Contract Creation - BSCScan (Accessed Aug 25, 2025)
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