Digital Asset
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Security Incident · BSC Ecosystem

LML/USDT staking protocol Price Manipulation: $950.00K Reported Loss

·Historical incident record

Incident Overview

LML/USDT staking protocol on BNB Chain suffered a price manipulation attack. The hacker used flash loans to massively inflate the LML/USDT pool spot price, exploited a logic flaw in the staking contract’s reward calculation (which relied on a stale stored price with a 3600-second cooldown instead of live AMM price), batch-claimed oversized LML rewards from pre-staked addresses via EIP-7702, and sold them in the distorted pool for approximately $950,000 profit, causing the LML token price to crash 99.6%.

Sources & References

Original incident referencehttps://x.com/Phalcon_xyz/status/2039211832947408928 (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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