May 2024 - GPU Token Transfer Vulnerability - $32k (Global)
"We detected that $GPU was exploited due to an incorrect balance update."
"GPU on BNBChain was attacked, with a loss of about $32,000. There is a logic vulnerability in the _transfer function of the contract. When transferring money to yourself, the balance will increase by the amount of the transfer."
"classic self-transfer problem, user transfer himself will increase token balance, in this transfer code , if sender=recipient , balance of sender will add the transfer amount"
Further Analysis
A smart contract token named GPU on the Binance Smart Chain (with no relation to the similarly named GPU token by NodeAI) was launched and catastrophically failed on May 8th, 2024. The token had a vulnerability which allowed the user to double any amount of the token which they sent to themselves. The massive supply inflation caused a quick collapse of the token price.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Near Protocol Twitter Hack Publicity Stunt > > < < Novamind Second Rug Pull Token Dump
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
@SlowMist_Team Twitter (Dec 31)
GPU | Address 0xf51cbf9f8e089ca48e454eb79731037a405972ce | BscScan
(Dec 31)
BNB Smart Chain Transaction Hash (Txhash) Details | BscScan
(Dec 31)
@PeckShieldAlert Twitter (Dec 31)
@EXVULSEC Twitter (Dec 31)
@De_FiSecurity Twitter (Dec 31)
@MetaTrustAlert Twitter (Dec 31)
@ChainAegis Twitter (Dec 31)
@web3_watchdog Twitter (Dec 31)
@CryptoMeechie Twitter (Dec 31)
@dunkerkongeth Twitter (Dec 31)
@NodeAIETH Twitter (Dec 31)
 t.me/QuadrigaInitiative
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 @QuadrigaInit
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 info@quadrigainitiative.com
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