An unknown threat actor abused a newly created ”burn” function in SafeMoon’s
smart contract, draining roughly $8.9 million from the token’s liquidity pool.
smart contract, draining roughly $8.9 million from the token’s liquidity pool.
The flawed smart contract feature, designed to let users burn tokens,
artificially pumped the token’s price, allowing it to be sold at an exaggerated
value.
SafeMoon confirmed [https://twitter.com/safemoon/status/1640825402795991048] the
incident, saying on Twitter that it’s taking steps to remediate the issue. John
Karony, the company’s CE
