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BSC Based ValueDefi Exploited For $11M by Scammers

source-logo  coingape.com 08 May 2021 23:43, UTC

ValueDefi, a Binance Smart Chain based Defi protocol has become the latest protocol on BSC to face exploit as scammers managed to exploit its automated market maker (AMM) known as vSwap to steal $11 million worth of crypto assets from non 50/50 pools. This is the second exploit on the ValueDefi within a week as another $6 million were lost due to contract reinitialization.

coingape.com