Hacks and exploits are increasingly common in the DeFi space and especially right now on the BSC network. Various projects have reported hacks and codes exploit. Yesterday, the Mozart Finance code was exploited.
Mozart Finance Got Hacked
Informed by this Tweet from its official handle, the Mozart Finance code has been exploited. A follow-up Medium post has been released to explain the problem. Judging by the situation and from the post, this exploit is self-inflicted as it was done by a developer outsourced from FreeLancer.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/mozartfinance/status/1379211972701515778&image=https%3A//abs.twimg.com/errors/logo46x38.png
It turns out this outsourced developer slipped in a minting code without the original developers from the team and the project owners noticing. The project team had the code audited before deployment on the BSC network but failed to check the codes thoroughly again. After the audit it seems the outsourced developer must have handled the codes.
According to the team, the last contract used on the test network was 100% secured; immunity Byte was paid to audit the code and was given a save rating.
STOP BUYING $PIANO!
For now, the team has warned traders through its handle to halt the purchase of $PIANO as the exploit hacker has minted over 100,000 PIANO tokens and is actively dumping.
“In short, we strongly advise you not to buy PIANO because the contract has NOT been fixed and is not safe. We are very sorry, but this is the inconvenient truth.”
– Mozart Finance Team.
About Mozart Finance
Mozart Finance is a fork from similar PancakeSwap and other Dex AMM DeFi projects. It aims to deliver DeFi features exclusively away from the traditional types. PIANO is the native token of the platform with the burn mechanisms embedded in its code to control inflation and a buy-back program to maintain the price.
The response so far under the official tweets hasn’t been friendly as many users suspect this may be deliberate. A glance through the Telegram group, which is now locked due to the unsupporting and insulting users’ statements, does not look good.
Users still have the opportunity to vote any of the three options available to pick from;
Airdrop new tokens to PIANO holders in a 1-to-1 ratio
Redeploy PIANO smart contract and give a fair launch
Close the project
Source : bsc.news
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