Spartan Protocol exploit results in loss of $30M

in hive-116221 •  4 years ago 

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partan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. 

The exploit targeted a "flawed liquidity share calculation" in the SPARTA/WBNB liquidity pool, which enabled the attacker to withdraw the funds, blockchain security company PeckShield explained. The security expert continued:


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