Cybercriminals have stolen $8.9 million from cryptocurrency company SafeMoon by taking advantage of a recently discovered vulnerability that affects the company’s liquidity pool.
Large amounts of cryptocurrency that are locked in a smart contract are known as liquidity pools, and they supply liquidity to decentralised finance (DeFi) exchanges.
Nevertheless, according to John Karony, CEO of the company, SafeMoon, the SFM:BNB pool was compromised on March 28.
“Our team has convened with important advisors in the intervening hours to come to a plan that safeguards token holders and the community. In order to ascertain the specific nature and scope of the alleged attack, a chain forensics consultant has been hired read more Thieves Steal $9m from Crypto Liquidity Pool.
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