What happened
PancakeBunny's VaultFlipToFlip vault was exploited using 8 flash loans, leading to a skewed calculation of the BUNNY price and a loss of approximately $1B in BUNNY tokens.
The attacker manipulated the price on various PancakeSwap pools using 8 flash loans, which skewed the calculation of the BUNNY price in the VaultFliptoFlip vault. They borrowed WBNB from seven different PancakeSwap pools and USDT from Fortube Bank, deposited a portion of these funds into the WBNB+BUSDT pool, and swapped a large amount of WBNB for BUSDT. This manipulation allowed them to claim a reward of 6.97M BUNNY, valued at about $1B, from VaultFlipToFlip. After the exploit, they returned the flash loans to the PancakeSwap pools and Fortube Bank.
Stolen funds:
- 6.97M BUNNY (~$1B)
The attacker's address:
https://bscscan.com/address/0xa0acc615…d7e187
The transaction behind the attack:
https://bscscan.com/tx/0x897c2de7…e6a979
Case & protocol details
Funds Recovery
Recovered
$2.4M
Net Loss
$0
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report pancakebunny.medium.com
- report Report reddit.com
- report Report bsc.news
- report Report beincrypto.com
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