Blockchain security company PeckShield explained the attack process. The security expert revealed that the exploiter targeted a “flawed liquidity share calculation” in the SPARTA/WBNB liquidity pool. As a result, the attacker was able to withdraw the funds. PeckShield added:
Speaking on the attack, Spartan Protocol said that the “Attacker used $61m in BNB to overcome the pools via a as yet unknown economic exploit path to remove roughly $30m in funds from the pool.”
As a result of the loss, SPARTA declined 30% to $1.17.
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