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ATM token on BSC hit by exploit, losing about $243,500

TenArmorAlert said the attack struck the BSC-based token and disclosed the transaction hash tied to the incident.

Summary

ATM, a token on BSC, suffered an exploit that resulted in losses of about $243,500. TenArmorAlert, a blockchain security monitoring service, identified the incident and published the attack transaction hash: 0x37b90a337075cd2feea93b12780abe9f953dad476e1c1418a02447aaa6dcfd86. The breach adds to a steady stream of smart contract (self-executing blockchain code) and token-related attacks that continue to affect assets on public chains.

Terms & Concepts
  • BSC: BNB Smart Chain, a blockchain network for crypto applications.
  • exploit: An attack that abuses a code or protocol weakness.
  • smart contract: Self-executing blockchain code that runs programmed rules.