Gate News reports that on March 12, according to BlockSec Phalcon monitoring, the AM/USDT liquidity pool on the BSC chain was attacked a few hours ago, resulting in a loss of approximately $131,000. The root cause was a flaw in the token burn mechanism, which was exploited by the attacker to manipulate the AM reserves in the pool and artificially inflate the token price. The attacker first manipulated the toBurnAmount parameter, then triggered the burn logic after adjusting the AM balance in the pool, causing the AM reserves to drop to an abnormally low level, and profited by artificially raising the AM price to sell back into the pool.
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