ChainCatcher report, according to BlockSec monitoring, the AM/USDT pool on BSC was attacked several hours ago, with estimated losses of approximately $131,000. The root cause was a flaw in the burn mechanism, which was exploited to manipulate the AM reserve in the pool and artificially inflate the token price. The attacker first manipulated the toBurnAmount, then triggered the burn logic after adjusting the AM balance in the pool, reducing the AM reserve to an abnormally low level. This allowed the attacker to sell AM back to the pool at the artificially inflated price and profit.
BSC Chain AM/USDT Pool Attacked, Estimated Loss of $131,000
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Summary
A BSC chain AM/USDT pool was attacked, with estimated losses of $131,000. On-chain data reveals the exploit targeted a vulnerability in the token’s burn mechanism. The attacker manipulated AM reserves by modifying the toBurnAmount and triggering the burn logic, enabling them to artificially inflate the token price and sell AM back to the pool for profit. Altcoins to monitor may include AM as the community evaluates the impact.
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