{"id":42846,"date":"2021-05-20T15:33:17","date_gmt":"2021-05-20T12:33:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42846"},"modified":"2025-08-31T01:00:44","modified_gmt":"2025-08-30T22:00:44","slug":"hacker-crashes-pancakebunny-token-price","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hacker-crashes-pancakebunny-token-price\/","title":{"rendered":"Hacker crashes PancakeBunny token price"},"content":{"rendered":"<p>The price of the PancakeBunny token of the DeFi protocol operating on the Binance Smart Chain fell by more than 80% due to the attack. An unknown actor used flash loans to carry it out.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Attention Bunny Fam<\/p>\n<p>Our project has suffered a flash loan attack from an outside exploiter.<\/p>\n<p>We will be posting a post mortem, in depth analysis, but for the time being we would like to update the community as to how this happened.<\/p>\n<p>\u2014 pancakebunny.finance (@PancakeBunnyFin) <a href=\"https:\/\/twitter.com\/PancakeBunnyFin\/status\/1395173093333680136?ref_src=twsrc%5Etfw\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the developers, the hacker borrowed a &#8216;huge amount&#8217; of Binance Coin (BNB) on PancakeSwap. He used the funds to manipulate prices in the USDT\/BNB and BUNNY\/BNB pairs.<\/p>\n<p>During the attack, the PancakeBunny token price rose from $150 to $240, then collapsed to near-zero. At the time of writing, the coin was trading around $26. According to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/pancake-bunny\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CoinGecko<\/a>, in the last 24 hours BUNNY has fallen by 81.8%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/5uwgju6eDGUYCEyYvgybCu9P1UgAkpBHWecGsl8wRD6ZyOYrnI2haANtFFYXGGINWeKZ8MBL2jxO-NY0ojjryS8momAUELpPPMWBIZ3K3-eKZXuUfpEJ7rKScqXo0w-C5bcNXr32\" alt=\"Hacker crashes PancakeBunny DeFi project token price\"\/><figcaption>Source: <a href=\"https:\/\/poocoin.app\/tokens\/0xc9849e6fdb743d08faee3e34dd2d1bc69ea11a51\">Poocoin<\/a>.<\/figcaption><\/figure>\n<p>Representatives said user funds were not affected. The exact amount of losses was not disclosed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bunny Fam,<\/p>\n<p>No vaults have been compromised.<br \/>The exploit was an economic exploit that attacked the price of BUNNY.<\/p>\n<p>We repeat, no vaults have been breached.<\/p>\n<p>\u2014 pancakebunny.finance (@PancakeBunnyFin) <a href=\"https:\/\/twitter.com\/PancakeBunnyFin\/status\/1395202439318441986?ref_src=twsrc%5Etfw\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Block researcher Igor Igamberdiev noted that the attacker obtained &#8216;more than $40 million&#8217; \u2014 114,000 WBNB and 697,000 BUNNY.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/6<\/p>\n<p>Today, BUNNY tokens worth $1B+ were minted from Bunny Finance on BSC, resulting in $40M+ was stolen:<\/p>\n<p>\u2014 114k WBNB ($40M)<br \/>\u2014 697k BUNNY<\/p>\n<p>For this reason, the BUNNY price fell from $146 to $6\ud83d\udc47 <a href=\"https:\/\/t.co\/BBVfWOHgZH\">pic.twitter.com\/BBVfWOHgZH<\/a><\/p>\n<p>\u2014 Igor Igamberdiev (@FrankResearcher) <a href=\"https:\/\/twitter.com\/FrankResearcher\/status\/1395196961108774915?ref_src=twsrc%5Etfw\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, an unknown withdrew from the pools of the DeFi protocol bEarn Fi<a href=\"https:\/\/u1f987.com\/en\/news\/defi-protocol-bearn-fi-loses-11-million-in-a-hack\"> around $11 million<\/a>.<\/p>\n<p>In May, a project in the decentralised finance space, xToken<a href=\"https:\/\/u1f987.com\/en\/news\/defi-protocol-xtoken-loses-25-million-in-hack\">, lost $25 million<\/a> due to an attack. The hacker took a flash loan of 61 800 ETH, and then deployed two exploits.<\/p>\n<p>In 2021, hackers stole from DeFi protocols<a href=\"https:\/\/u1f987.com\/en\/news\/ciphertrace-hackers-stole-156-million-from-defi-protocols-in-2021\"> a record $156 million<\/a>, according to a CipherTrace report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the PancakeBunny token of the DeFi protocol operating on the Binance Smart Chain fell by more than 80% due to the attack. An unknown actor used flash loans to carry it out.<\/p>\n","protected":false},"author":1,"featured_media":42847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093],"class_list":["post-42846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42846"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42846\/revisions"}],"predecessor-version":[{"id":42848,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42846\/revisions\/42848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42847"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}