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Pancakehunny, Another BSC Platform Suffers Exploitation by xabi

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· @xabi ·
$14.45
Pancakehunny, Another BSC Platform Suffers Exploitation
<center>![image.png](https://images.hive.blog/DQmbvWobF862d6u5SANL9s5NzVsWraqu5zU6qiA8MfyJoUU/image.png)</center>[<sup>(Source)</sup>](https://medium.com/pancakehunny/pancakehunny-defi-with-poker-lottery-and-nfts-add-more-flavour-to-pancakeswap-and-pancakebunny-ce14db1ac7a4)

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Lately, Binance Smart Chain have been becoming a hotspot for hackers/exploiters. Two days ago, PancakeHunny joined the list of protocol that got exploited in recent hacking spree.</div>

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As per [PancakeHunny preliminary report](https://medium.com/pancakehunny/pancakehunny-preliminary-incident-report-6da18bc3c0e6), a smart contract was created to exploit the Hunny Minter Smart Contract and was executed 91 times.</div>
> Here is the sequence of events...
> 1. wBNB Swap CAKE from PancakeSwap
> 2. Sent CAKE to HUNNY Minter Smart Contract
> 3. Added CAKE-BNB Liquidity from PancakeSwap
> 4. Deposited CAKE-BNB LP tokens to CAKE-BNB Hive
> 5. Redeemed HUNNY Rewards
> 6. Swap Cake Balance to HUNNY-BNB, increase CAKE Balance as per (2)
> 7. Exploited and increased 2,281,142.448 HUNNY supply

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As per Pancakehunny they identified the issue and are working towards a patch. Minting of Hunny has been stopped, there has been no stolen funds reported and only price of HUNNY/BNB have been affected.</div>

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Despite Biance Smart Chain joining hands with CipherTrace, a leading blockchain security and analytic firm, apparently there is no stopping the exploits/perpetrations happening across the blockchain. There have been growing concerns among devs and crypto enthusiast about security of protocols deployed across Binance Smart Chain.</div>


<center>![image.png](https://images.hive.blog/DQmbrLvuKcUaQ6QGFh32C9g1XkCM5TpTJuMnVhVysT4SMTe/image.png)</center>

<center>![158817836372645504 45.png](https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png)</center>

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