News

According to Odaily, SlowMist founder Cosine analyzed that there are suspicious aspects to the approximately $1.1 million capital loss incident that occurred in the OLPC / LABUBU liquidity pool on BNB Chain. The theft was caused by a severe imbalance in the OLPC/LABUBU trading pair, and the reason for the imbalance was an "exploit" in OLPC that was taken advantage of. In the _update function, under certain conditions, it was possible to burn OLPC in the amount of value * decimalsValue. Normally, decimalsValue is 1, but about 46 days before the attack, the owner changed it to an extremely large value: 7326680472586200649. A few days later, the OLPC owner renounced ownership, making the owner address the zero address. Today, the attacker took advantage of this excessive decimalsValue to trigger a Pair reserve burn, allowing them to obtain a large amount of LABUBU with a small amount of OLPC. The attacker ultimately exchanged 1.115 million USDT at a low cost. The suspicious point lies in the setting of decimalsValue—why would the OLPC owner set it to such a massive value?

According to ChainCatcher, in response to rumors about an attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap officially issued a statement saying that the platform is aware of the security incident. After a preliminary investigation, PancakeSwap has confirmed that there are no security vulnerabilities in its own smart contracts. The project team is still thoroughly investigating the full cause of the incident and will promptly update the public with the latest findings as more information is obtained. Meanwhile, PancakeSwap reminds users that any information related to this incident should be based solely on official announcements from PancakeSwap.

BlockBeats News, June 20th - According to CoinUp data, CPA officially started trading at 20:00 on June 20th, with a listing price of 0.15 USDT. One hour after the listing, the price reached 0.48 USDT, representing a 220% increase from the listing price. CPA is the native token of the CoinUp ecosystem, aimed at supporting the development of various ecosystem applications such as DeFi, AI, and GameFi.