Incident Overview
According to SlowMist, the EGD Finance project on BSC was attacked by hackers, resulting in the unexpected withdrawal of funds from its pool. The SlowMist security team analyzed this and said that this incident was because the price-feeding mechanism for calculating rewards when EGD Finance's contracts obtained rewards was too simple, resulting in the token price being manipulated by flash loans for profit.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.