2023.02.05 - Degen Millionaires Club

On February 5, 2023, our platform detected a suspected exploit on BSC, leading to a loss of approximately 18.6K USD for the Degen Millionaires Club protocol. Due to a lack of verification in the protocol's contract, the attacker was able to call mintFromStaking and mint away tokens to the LP pool, which unbalanced the BNB/DMC ratio. The tokens were swapped on pancake swap for BNB and cashed out through Tornado Cash.