ChainBleedv0.1 · open intel
← back to feed·BSCLOGIC2023-03-29 · 3y ago
Incident · SLOWMIST

Safemoon

Contract Vulnerability
Estimated loss
$8.90M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE 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.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2023-03/safeMoon_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

Safemoon, a DeFi protocol based on the BNB chain, was attacked, and its liquidity pool lost nearly $8.9 million. Safemoon CEO John Karony said on Twitter: "This security incident affected the SFM:BNB LP pool and other LP pools on DEX were not affected. We have located the suspected vulnerability and fixed it. " According to analysis, the recent update may have introduced a "public destruction vulnerability", which facilitated hacker attacks. The hacker was able to use code functionality to artificially inflate the price of SFM tokens, then sell enough tokens back to the liquidity pool in the same transaction, effectively draining WBNB from the contract. On April 20, the SafeMoon attacker returned 80% of the stolen funds, that is, transferred 21,804 BNB (approximately $7.2 million) to the SafeMoon vault wallet, leaving the remaining 20% as a bounty. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 8,900,000.

Primary source
ttps://twitter.com/CptHodl/status/1640914110350016512
Sourced from
slowmist
Technical record
chain
bsc
protocol
Safemoon
bug_class
logic
date_occurred
2023-03-29
loss_usd
$8,900,000
source_id
sm:safemoon::2023-03-29
Related — same bug class· logic
2026-05-13
28d ago
TRON
Transit Finance
Deprecated Smart Contract Exploit
logic
$1.88M
UNRATED
2026-05-13
28d ago
ETH
TAC Cross-Chain Layer (TON Side)
Contract Vulnerability
logic
$2.80M
UNRATED
2026-05-13
28d ago
ETH
Transit Finance
Contract Vulnerability
logic
$1.88M
UNRATED
2026-05-12
29d ago
ARB
Aurellion
Uninitialized Proxy Exploit
logic
$456.0K
UNRATED
2026-05-12
29d ago
BSC
SQ Protocol
Acces Control Exploit
logic
$346.0K
UNRATED
2026-05-12
29d ago
BSC
SQ Protocol
Contract Vulnerability
logic
$346.1K
UNRATED
ChainBleed — live web3 threat intelligence