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Over 1,400 Liquidity Providers Hit in $7.3 Million DxSale Exploit


Over 1,400 Liquidity Providers Hit in $7.3 Million DxSale Exploit

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On May 29 a $7.3 million exploit drained more than 1,400 liquidity pools tied to legacy DxSale smart contracts on BNB Chain, security firms said. The attack underscores crypto and DeFi security weaknesses in aging smart contracts and weak access controls, raising protocol risk and likely weighing on token prices, adoption and DEX liquidity.

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More than 1,400 liquidity pools tied to old DxSale contracts on BNB Chain were drained in a $7.3 million exploit flagged by blockchain security firms on May 29.

The attack adds to a growing list of DeFi breaches this month, as security experts warn that aging smart contracts and weak access controls are leaving protocols exposed.

Read the article at CryptoPotato

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