VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
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
According to official sources, Belt Finance on the Binance Smart Chain (BSC) suffered a lightning loan attack and lost US$6.2 million. The attacker used flash loans to obtain more than 6.2 million US dollars of funds from the Belt Finance agreement through 8 transactions, and has converted most of the funds into anyETH and withdrawn to Ethereum. Attack method (per SlowMist): Flash loan attack. Reported loss: $ 6,200,000.
Sourced from
slowmist
Technical record
- chain
- ethereum
- protocol
- Belt Finance
- bug_class
- flashloan
- date_occurred
- 2021-05-29
- loss_usd
- $6,200,000
- source_id
- sm:belt-finance::2021-05-29
Related — same bug class· flashloan