Web3 Security Firm Raises Alarm Over Suspected Attack on BSC Contract

A security firm, BlockSec, has detected suspected price manipulation on the D3XAT contract within the Binance Smart Chain (BSC) ecosystem, resulting in estimated losses of $160,000. This incident underscores the ongoing risks associated with decentralized finance (DeFi). Preliminary findings suggest that the attack was likely based on manipulating the spot price dependency. While BlockSec has identified the potential attack, a lack of access to the contract’s source code for in-depth analysis is delaying community involvement in addressing this vulnerability.