Hackernoon logoBSC Flash Loan Attacks Explained: The Untold Story of 3 Copycats by@ambergroup

BSC Flash Loan Attacks Explained: The Untold Story of 3 Copycats

A series of attacks compromised several Binance Smart Chain projects in May. PancakeBunny suffered the most costly attack of the four, which saw nearly $45M in total damages. AutoShark, Merlin Labs and PancakeHunny were also attacked using similar techniques. Dr. Chiachih Wu, Head of the Amber Group Blockchain Security Team, elaborates on the details behind the attacks on the three copycats. The following is an analysis of the problems and possible attack techniques for these three forked projects.
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