BNB chain-based exchange Safemoon has been compromised and has seen close to $9 million drained from its liquidity pool.
Safemoon tweeted that “almost $8.9 million in assets were transferred out of the liquidity pool."
Security firm Peckshield blamed the exploit on a possible “public burn bug” introduced in a recent update.
Peckshield confirmed that the hacker artificially raised the price of SFM tokens using a code function, and then sold enough tokens back to the liquidity pool in the same transaction to effectively drain WBNB from the contract.
