In the past three days, two new DeFi platforms on the Binance Smart Chain have suffered attacks by hackers, losing $6.3 million and $7.2 million respectively.
BSC has claimed that these attacks are targeted and called on all developers on its blockchain to apply all the security measures possible, including triple-checking their code.
Another day, another attack on Binance Smart Chain. The blockchain network has barely seen a week without a flash loan attack in the past two months. The latest is on Belt Finance, a DeFi platform that according to experts lost money to the same flash loan exploit its predecessors have suffered from. Just two days ago, BurgerSwap lost over $7 million to a similar exploit in what is now becoming a deeply worrying trend.
The Belt Finance attack
The Belt Finance incident was a textbook attack, with a few minor tweaks, according to Rekt Blog, a site that details DeFi hacks. The attacker exploited an incorrect share valuation that helped him to add another
