Security Incident
Elephant Money Flash Loan Attack
Elephant Money was attacked, resulting in the loss of 27,416.46 BNB.
- Reported loss
- 27,416.46 BNB
- Attack category
- Flash loan attack
Incident Overview
The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. During the minting process, the Elephant contract will convert BUSD to WBNB and then back to ELEPHANT to drive up the ELEPHANT price. The attacker then sells ELEPHANT at a profit.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.