LianGoPay

Leveraging fake LP staking pools

Estimated loss

$1.60M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

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 LianGoPay project announced on February 7 that its assets in the LGTPool pledge contract on the BNB Chain were stolen, 6,148,859 LGT reward coins were stolen, and the loss was about 1.6 million US dollars. According to analysis, the reason for the theft was that the owner administrator of LGTPool created a fake LP token pledge pool (Pool No. 3), and then the thief put a large amount of LP tokens into the pool for pledge, and obtained 6.14 million pieces LGT reward token. Attack method (per SlowMist): Leveraging fake LP staking pools. Reported loss: $ 1,600,000.

Primary source

https://www.panewslab.com/zh/sqarticledetails/tycwc1sv.html ↗

Sourced from

slowmist

Technical record