Melo Hack
Reported loss
$90K
Improper Access Control
What happened
On May 6, 2023, Melo Token on BNB Smart Chain was exploited for approximately $90,000 after an unrestricted mint function let an attacker create a large number of tokens and use them to withdraw valuable assets from token pairs.
How it happened
- The token's mint function was callable without the required permission control.
- The attacker minted a substantial amount of Melo tokens.
- The attacker used the newly created tokens against liquidity pairs to withdraw valuable paired assets.
- Security reporting estimated the resulting loss at approximately $90,000.
Protocol details
Evidence
Understand the attack patterns
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