Melo Hack

Reported loss $90K
BNB Chain
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

  1. The token's mint function was callable without the required permission control.
  2. The attacker minted a substantial amount of Melo tokens.
  3. The attacker used the newly created tokens against liquidity pairs to withdraw valuable paired assets.
  4. Security reporting estimated the resulting loss at approximately $90,000.

Protocol details

Classification Access Control
Protocol Type DeFi Protocol
Implementation language Solidity
Protocol links Website @CTO_Melo

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