Pancake Bunny Lost $200 M as a Result of Flash Loan Attack

in #defi • 4 years ago

PAncake Bunny exploited.jpg

Today, May 20 Binance Smart Chain-based DeFi aggregator PanCake Bunny was attacked and lost $200 M in crypto. The hacker used a flash loan.
After the exploit, the price of the BUNNY token fell significantly, by about 96%.

PanCake Bunny's team announced the criminal's steps through several tweets. First, the hacker borrowed a large amount of Binance Coins (BNB) using the platform.

Read more on BlockchainToday
Pancake Bunny Lost $200 M as a Result of Flash Loan Attack

#pancakebunny #attack
4 years ago in #defi by
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