The project is no stranger to these kinds of attempts and seemed to shrug off the previous exploit, but there is some alarm currently.
Dangerous Waters
Having previously dealt with another attack attempt at the beginning of October, it appears as though AutoShark have once more run into difficulty.
The flash loan alert was initially sounded by PeckShield on Twitter earlier today, and the transaction details can be verified here, the significant sum lost appears to be in the remit of $1.5 million according to these transaction details. The AutoShark team have officially acknowledged the attack, as they grapple with a response.
“The team is looking into the issue right now. There appears to be an attack on $JAWS. Do NOT buy $JAWS,” the team confirmed via Twitter before adding that “$FINS is not affected. We will update ASAP.”
It is however a naive assumption to presume $FINS has not been affected after suffering an over 50% price drop according to CoinGecko.
The team have since disabled $FINS swap rewards in an attempt to combat the attack, but they remain in a vulnerable position.
We’ll be following closely to keep you up to date with events as they unfold.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
