NEM token exploited for $822K via liquidity pool manipulation
- —Losses from the NemTokenV2 exploit are estimated at $821,920
- —The attacker ran the skim() and flushLpSellRecycle() cycle 42 times
- —The PancakeSwap USDT/NEM pair was affected
- —SlowMist published the attacker, attack contract and vulnerable contract addresses
Why it matters: The exploit highlights the risk of unverified swap settlement and reserve manipulation in DEX liquidity pools.
Source: PANews