Security· ★★★· bearish·

Locked liquidity fails: PancakeSwap pool for 79AU drained of $14.35 million

  • —The 79AU PancakeSwap pool lost $14.35 million in USDT
  • —79% of LP receipts were burned, yet swaps and token withdrawals continued
  • —Two pull-authorized addresses could remove about 95% of remaining 79AU
  • —One wallet kept 21% of LP receipts with ordinary redemption rights
Why it matters: The case shows that burning LP tokens does not protect a pool when the token contract retains privileged transfer permissions.
Source: CryptoSlate
More on this
Security · Sep 17
Hacker used signatures from failed transactions to drain $3 million from GalaChain
 Security · Sep 21
Kasplex KRC-20 Indexer Signature Bypass Drains Two Token Pools
 Security · Sep 21
Fake Liquidity Pool Inflates NSTR 8,000x, Draining $3.5M From Nostra