2 hours ago

NGP Protocol Exploit on BNB Chain Drains $2M, Price Collapses as Funds Move Through Tornado Cash

TLDR: NGP protocol exploited on BNB Chain, $2M drained via price oracle manipulation and flash loan attack. Attacker bypassed buy limit checks by manipulating Uniswap V2 pool reserves in a single transaction. Funds converted to ETH, bridged to Ethereum, then sent through Tornado Cash for obfuscation. Token price dropped sharply as liquidity dried up, triggering [...]

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Source: Blockonomi →