Digital Asset
Intelligence
Security Incident

Elephant Money Flash Loan Attack

·Historical incident record

Incident Overview

Elephant Money was attacked, resulting in the loss of 27,416.46 BNB. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. During the minting process, the Elephant contract will convert BUSD to WBNB and then back to ELEPHANT to drive up the ELEPHANT price. The attacker then sells ELEPHANT at a profit.

Sources & References

Original incident referencehttps://twitter.com/BlockSecTeam/status/1512832398643265537 (opens in a new tab)

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.

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