PANCAKEBUNNY ATTACKED WITH MASSIVE $200M FLASH LOAN EXPLOIT
An attacker made off with around $200 million from the BSC exchange after manipulating its price. The team tweeted on May 20 to confirm that there was no smart contract hack or vault compromise but more of an “economic exploit”.
It explained that the hacker used PancakeSwap to borrow a huge amount of BNB before going on to manipulate the price of USDT/BNB as well as BUNNY/BNB.
Once the price had been pumped, the attacker dumped all of the BUNNY tokens he had accrued back onto the market, causing it to crash, before repaying the BNB flash loan.
