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SafeMoon ‘burn’ bug abused to drain $8.9 million from liquidity pool

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March 29, 2023, 6:48 p.m. | Bill Toulas

BleepingComputer www.bleepingcomputer.com

The SafeMoon token liquidity pool lost $8.9 million after a hacker exploited a newly created 'burn' smart contract function that artificially inflated the price, allowing the actors to sell SafeMoon at a much higher price. [...]

bug contract cryptocurrency exploited function hacker higher liquidity lost safemoon security smart smart contract token

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