Incident Overview
The New Free Dao project on the BSC chain suffered a flash loan attack. According to SlowMist analysis, the main reason for this attack is that the way of calculating rewards in the contract is too simple, and it only depends on the balance of the caller, which leads to arbitrage by flash loans.
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.