Security Incident
Merlin Lab Logic Vulnerability: $300.00K Reported Loss
The hacking of the revenue aggregator Merlin Lab stems from a logical loophole in MerlinStrategyAlpacaBNB.
- Reported loss
- $ 300,000
- Attack category
- Logic Vulnerability
Incident Overview
The contract mistakenly uses the BNB transferred by the beneficiary as mining revenue, which makes the contract issue more MERL as a reward. After repeated operations, the attacker made a profit of 300,000 US dollars.
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.