May 2023 - LW Token Price Manipulation Attack - $48k (Global)
"The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"
"The LW token on BSC was attacked, with a loss of 48,415 USDT, and the price of LW token plummeted by 69%. The attackers have transferred about 150 BNB to Tornado Cash."
"According to news from PANews on May 12, according to Paidun’s early warning and monitoring, the LW token on BSC was attacked, with a loss of 48,415 USDT, and the price of LW token plummeted by 69%. The attacker has transferred about 150 BNB to Tornado Cash."
"#MetaTrustAlert Our #MetaScout detected that $LW on BSC was attacked by the flashloan with a loss of ~48.4k $USD." "$LW is exploited (w/ 48,415 $USDT) $LW has dropped -69%"
"We identified an exploit on $LW token, on the PancakeSwap pair of $LW - $BUSD that resulted in an accumulated theft of ~$48k. The exploiting contract, utilizing a flashswap on the contract to conduct the attack, deployed around *10 hours* before the attack happened"
"The LW token on #BSC was attacked, with a loss of 48,415 USDT, and the price of $LW token plummeted by 69%. The attackers have transferred about 150 #BNB to Tornado Cash."
"It is a price manipulation attack.
In this attack, the marketAddr account has 173,272 $USDT, which is used to buy back the $LW and increase the price of the $LW.
The attacker first swapped $USDT for the $LW
The attacker triggered the buy-backs of $LW and increased the price of $LW
Finally, the attacker swapped $LW for the $USDT"
"The $LW exploiter has already transferred ~150 $BNB into Tornado Cash."
Further Analysis
Little is known about the LW token. It doesn't appear to have an official website and there is limited references on social media, however it traded on PancakeSwap and was listed on several sites. On May 11th, the price spiked and rapidly fell due to a flash loan exploit. Approximately $48k worth of BNB was removed and brought to TornadoCash.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Land of Genesis Mint Permission Hack > > < < Deus Finance (DEI Stablecoin) Burn Vulnerability
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
派盾：BSC上LW代币遭遇攻击，损失约5万美元 - PANews (Dec 31)
派盾：BSC上LW代币遭遇攻击，损失约5万美元 - PANews (Dec 31)
@PeckShieldAlert Twitter (Dec 31)
@PeckShieldAlert Twitter (Dec 31)
Binance Transaction Hash (Txhash) Details | BscScan
(Dec 31)
Address 0x4404de29913e0fd055190e680771a016777973e5 | BscScan
(Dec 31)
@MetaTrustAlert Twitter (Dec 31)
@MetaTrustAlert Twitter (Dec 31)
Binance Transaction Hash (Txhash) Details | BscScan
(Dec 31)
Binance Transaction Hash (Txhash) Details | BscScan
(Dec 31)
LW (LW) Token Tracker | BscScan
(Dec 31)
@hexagate_ Twitter (Dec 31)
@DeDotFiSecurity Twitter (Dec 31)
@TronWeekly Twitter (Dec 31)
@BSCNewPairs Twitter (Dec 31)
GGGTOKEN | Address 0x7b8c378df8650373d82ceb1085a18fe34031784f | BscScan
(Dec 31)
LW to CAD Price Converter & Calculator, Live Exchange Rate | CoinBrain (Dec 31)
https://blockchain.coinmarketcap.com/token/bsc/0x7b8c378df8650373d82ceb1085a18fe34031784f (Dec 31)
LW (LW) contract is 0x7b8c378df8650373d82ceb1085a18fe34031784f on BSC | Top100Token (Dec 31)
LW (LW) token price, charts, analysis, scam check | ListingSpy (Dec 31)
LW (LW) token contract is 0x7B8C378df8650373d82CeB1085a18FE34031784F on binance - CoinsGEM (Dec 31)
PooCoin BSC Charts (Dec 31)
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