StableMagnet

6/23/2021 — EXPLOIT DETECTED

StableMagnet was exploited via a drained contracts and user wallets attack on the BSC network. Approximately $27.0M in funds were drained from the protocol.

TECHNIQUE: DRAINED CONTRACTS AND USER WALLETS

The attacker used a drained contracts and user wallets vector to drain funds. Check the social reactions below for community analysis and on-chain investigation threads.