Security· ★★· bearish·

BonfireSwap exploit: Bonfiretoken loses about $50K

  • —A vulnerability in the BonfireSwap router's transfer function allowed about $50,000 to be drained
  • —Forty-one holders were affected, with the largest loss exceeding 5,289 TOKEN
  • —Bonfiretoken's trading volume fell to $0 amid community concerns
Why it matters: The incident highlights the risks of weak access control in DeFi contracts and could increase regulatory scrutiny of smart contract security.
Source: Coinfomania
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