Key Takeaways
BurgerSwap was hit by a flash loan attack last night. The losses amount to roughly $7.2 million.
Uniswap founder Hayden Adams noted that a key part of the code was changed by the BurgerSwap team, raising suspicions of an inside job.
Incidents on Binance Smart Chain have multiplied in recent weeks resulting in tens of millions in lost user funds.
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Another Binance Smart Chain app has suffered a flash loan attack. More than $7 million of users’ funds was drained from BurgerSwap last night.
BurgerSwap Suffers Attack
Flash loan attackers are increasingly targeting Binance Smart Chain applications. This time, it was Uniswap clone BurgerSwap that got exploited. Last night, an attacker borrowed funds from PancakeSwap to unbalance the liquidity pools on BurgerSwapm then emptied them before returning the loan.