ChainBleedv0.1 · open intel
← back to feed·BSCLOGIC2021-03-15 · 5y ago
Incident · SLOWMIST

TSD

Contract Vulnerability
Estimated loss
$7.10M
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.

Forensic narrative

A cross-chain stablecoin (TSD) on ETH and BSC stated that malicious attackers used TSD DAO to mint 11.8 billion TSD tokens in their accounts and sold them all on Pancakeswap. The specific process is that True Seigniorage Dollar stated that the developer account only has 9% of the DAO, and the malicious attacker has gradually controlled 33% of the DAO with the accumulation of low prices, and then proposed an implementation plan and voted in favor. In the implementation, the attacker added code to Mint and minted 11.8 billion TSDs for himself. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 7,095,340.

Primary source
https://tokenpost.com/Stablecoin-TSD-Comes-Under-Attack-With-118B-Coins-Minted-And-Sold-By-Hacker-7404
Sourced from
slowmist
Technical record
chain
bsc
protocol
TSD
bug_class
logic
date_occurred
2021-03-15
loss_usd
$7,095,340
source_id
sm:tsd::2021-03-15
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