Merlin Hack

TOTAL LOST $334K
Low Incentive Rewards Exploit binance bsc

What happened

The attacker's address:

https://bscscan.com/address/0x2bADa393…1645BD

"Via the smart contract, a hacker deposited 0.1WBNB into the vault and then manually transferred 1000BNB into the contract to trick the contract into thinking it has received 1000BNB in rewards, which resulted in the minter producing MERL rewards."

Stolen funds were bridged into Ethereum mainnet at:

https://etherscan.io/tx/0x7926165e…11346a

Deposited into Tornado Cash mixer at:

https://bloxy.info/ru/txs/transfers_from/0x2bada393…1645bd?currency_id=1

Case & protocol details

Classification Protocol Logic / Yield Aggregator / Token & Share Accounting
Protocol Type Yield
Affected asset / contract MERL
Smart Contract Language Solidity
Official Website merlinlab.com/farm
Protocol Twitter/X @MerlinLab_

Evidence & learning

Sources and on-chain records

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