Specter: A PancakeSwap LP was attacked due to a malicious EIP-7702 signature, losing approximately $2.96 million
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Specter: A PancakeSwap LP was attacked due to a malicious EIP-7702 signature, losing approximately $2.96 million
According to monitoring by on-chain security officer Specter, a long-inactive PancakeSwap liquidity provider (LP) lost approximately $2.96 million after signing a malicious EIP-7702 authorization. Reports indicate the attacker removed approximately $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, swapping the BUSD for ETH. Currently, the attacker has deposited approximately $1.46 million into Tornado Cash, with the remaining approximately $1.48 million in USDT still held in the attacker's address.
Navigating Web3 tides with focused insightsTechFlow reports, on July 23, according to monitoring by on-chain security officer Specter, a long-inactive PancakeSwap liquidity provider (LP) lost approximately $2.96 million due to signing a malicious EIP-7702 authorization. It is reported that the attacker removed approximately $1.48 million worth of BSC-USD and $1.48 million worth of BUSD liquidity provided by the victim, and swapped BUSD for ETH. Currently, the attacker has deposited approximately $1.46 million in funds into Tornado Cash, while the remaining approximately $1.48 million in USDT remains in the attacker's address.
