Flash Loan Attack To PancakeHunny

Flash Loan Attack to PancakeHunny. The price of PancakeHunny, a BSC protocol, dropped 70 percent.

Projects developed on Binance Smart Chain continue to be hacked with "flash loan" attacks. Especially in May and June, there were more than 10 attacks on the protocols on the BSC. In May, DeFi platform PancakeBunny was attacked and the token price dropped 95%.

Price Dropped More Than 70%

PancakeHunny, criticized for being a clone of PancakeBunny, was also hacked two weeks after the attack on PancakeBunny. After the recent flash loan attack, the HUNNY token price dropped by more than 70%. Binance exchange also made a statement about the attacks on BSC in May. Emphasizing that Binance has no effect on BSC, it was stated in the statement that they would try to help with the addresses to which the stolen funds were sent, and it was stated that each project should work with audit and security firms.