Oct 2021 - My Farm Pet Flash Loan Exploit - $31k (Global)
"A complete metaverse of virtual farms and builder games on Binance smart Chain." "My farm pet is a blockchain farming game, where anyone can buy and own virtual farms, Farm pets, and meet new friends. Farming investment and rewards calculator."
"The game combines the best of the two worlds - a fun narrative for regular game lovers who want to enjoy the gameplay experience as well as an ecosystem for farmers who want to collect and trade farm pets and egg Non-Fungible Tokens (NFTs). My farm pet is not just a game for blockchain players but it is a game that could introduce blockchain to millions of players. An open-world 3D game with a strong visual identity based on positive images and cuteness intended for both skilled and Unskilled blockchain players."
"My Farm Pet was suspected of being attacked by lightning loans, and today fell 79.86%."
Further Analysis
MyFarmPet is a small virtual farm game which was attacked through a flash loan, giving a profit over $30k. The attack was not mentioned on the project Twitter page and they don't have a blog, however the price drop is highly visible on the price history. It is unknown the exact details of the exploit or if any compensation was provided to affected users.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Solana Towers NFT Rug Pull > > < < DazeeNFT Royalty Free Artwork Resold
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Nov 6)
My Farming Pet (Dec 17)
https://myfarmpet.io/MyFarmPetWhitepaper.pdf (Dec 17)
My Farm Pet (MYFARMPET) price today, chart, market cap & news | CoinGecko (Dec 17)
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