ChainBleedv0.1 · open intel
← back to feed·BSCFLASHLOAN2021-10-29 · 4y ago
Incident · SLOWMIST

AutoShark Finance

Flash loan attack
Estimated loss
$2.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
FLASHLOAN
FLASHLOANBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

The DeFi protocol AutoShark Finance on the Binance Smart Chain was attacked by hackers in a series of transactions, and the hackers made a profit of US$2 million (the protocol loss may be even greater). Previously, AutoShark was attacked by a flash loan in May, and the currency price crashed. AutoShark responded that it would issue a new token, JAWS, to compensate damaged users. Since then, AutoShark was attacked by lightning loan again in early October, and hackers made a profit of approximately US$580,000. Attack method (per SlowMist): Flash loan attack. Reported loss: $ 2,000,000.

Primary source
https://twitter.com/peckshield/status/1454026801869590529
Sourced from
slowmist
Technical record
chain
bsc
protocol
AutoShark Finance
bug_class
flashloan
date_occurred
2021-10-29
loss_usd
$2,000,000
source_id
sm:autoshark-finance::2021-10-29
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