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Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack
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As the users argue “what’s better,” Ethereum or Binance Smart Chain, the latter saw another decentralized protocol being exploited. PancakeHunny on BSC was attacked by a flashloan and no, this wasn’t a first for the protocol.
Blockchain security and data analytics company Peckshield Inc. announced the attack on Twitter.
<p lang=«und» dir=«ltr» xml:lang=«und»>#FlashLoanAlert https://t.co/up2o7NQLtS— PeckShield Inc. (@peckshield) October 20, 2021
The last time that this protocol was exploited, was in June, wherein the team had noted the creation of a smart contract to exploit the Hunny Minter Smart Contract. The contract was subsequently executed 91 times, as per the team.
The team took a long time to respond to the hack this time but assured the
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