{"id":138397,"date":"2023-05-02T04:25:01","date_gmt":"2023-05-02T04:25:01","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=138397"},"modified":"2023-05-02T10:16:23","modified_gmt":"2023-05-02T10:16:23","slug":"level-finance-loses-3345-bnb-to-smart-contract-bug","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/level-finance-loses-3345-bnb-to-smart-contract-bug\/","title":{"rendered":"Level Finance loses 3,345 BNB to smart contract bug"},"content":{"rendered":"
An attack on the Level Finance decentralized perpetual exchange on the BNB Chain<\/a> resulted in the theft of more than $1 million worth of the exchange’s native Level Finance (LVL) token.<\/p>\n In an announcement on May 1, the decentralized platform acknowledged the occurrence and informed its Twitter followers that more than 214,000 LVL tokens from the exchange had been stolen and exchanged for 3,345 Binance Coins (BNB)<\/a>, which at press time had an estimated worth of $1,500,000<\/b>.<\/p>\n An exploit targeted our Referral Controller Contract.<\/p>\n – 214k LVL tokens drained to exploiters address. More details to follow.<\/p>\n — LEVEL Finance #RealYield (@Level__Finance) May 1, 2023<\/a><\/p><\/blockquote>\n\n
– Attacker swapped LVL to 3,345 BNB
– Exploit was isolated from other contracts.
– Fix to be deployed in 12 Hrs.
– LP's and DAO treasury UNAFFECTED. <\/p>\n