BonqDAO – Miami Crypto Coin

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Lack of liquidity mitigated damages to BonqDAO exploit: Report

Post author:MiamiCrypto
Post published:February 2, 2023
Post category:BonqDAO Cryptocurrencies Hacks

After amassing $120 million in tokens through an infinite minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO.

BonqDAO protocol suffers $120M loss after oracle hack

Post author:MiamiCrypto
Post published:February 2, 2023
Post category:ALBT AllianceBlock BEUR Blockchain security BonqDAO Bridge On-chain analysis oracle Oracle Attack Peckshield Price Manipulation Wrapped Tokens

An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.