According to OnchainLens, on November 4, an attacker exploited InsurancePool and CoreVault on BNB Chain through flash loan price manipulation, draining approximately $111,000 from the affected protocols.

The attacker borrowed roughly $143.6 million in Wrapped BNB (WBNB) via Lista DAO's Moolah platform and used large swaps to manipulate liquidity prices. This allowed the attacker to trigger an inflated withdrawal of 260.21 BNB (valued at approximately $180,300) from InsurancePool via CoreVault. After reversing the trades to restore market conditions, the attacker repaid the flash loan and retained approximately 160.26 BNB in net gains before gas fees, while InsurancePool suffered an estimated loss of around 179.5 BNB.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.