BTB Token Hack
Reported loss
$5K
Flash Loan Attack
What happened
BTB on BNB Smart Chain was exploited on November 18, 2024 for about 5,000 dollars. The incident analysis and the cited transaction show a 100,000 BUSD loan, a swap into BTB, and conversion of 3,052 BTB through BTB's exchangeBTBToUSDT path for about 4,999 BUSD.
How it happened
- The attacker obtained 100,000 BUSD and swapped it through PancakeSwap V2 for about 1,263,427 BTB.
- The source analysis says BTB's exchange path used the BTB-BUSD pair reserves to determine its conversion price, so the preceding large swap changed that price.
- The attacker sent 3,052 BTB to the exchange path and received about 4,999 BUSD.
- The remaining BTB was swapped back for about 99,964 BUSD; after the loan repayment, the transaction sent about 4,864 BUSD to the initiating address.
Protocol details
Classification
Token
Protocol Type
Exploit/Flash Loan Attack
Affected asset / contract
BTB
Understand the attack patterns
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