AutoShark hacked for ~$745k
Bunnies are reproducing quite fast, and as it turns out, not only in nature but also in the blockchain. Autoshark was nearly 1:1 fork of PancakeBunny, and apart from copying all the logic, they also copied the flawed logic responsible for the PancakeBunny hack.
A hacker used 100K BNB of flash loan and minted 135M of SHARK token from Autoshark. As a result, the hacker has taken out 2.2k WBNB (~$745k).
Here’s the transaction for the hack
BscScan.com
I won’t go into many details about how this hack was possible as I already described that in PancakeBunny Analysis, but also WatchPug has done an analysis of the attack.
The reason behind the hack isn’t something new. I’m not talking about the exploit itself but why it was there in the first place. Everybody wants a piece of currently $58B TVL. Many projects are FOMOing into space by copy-pasting code from different projects, copy-pasted from reputable projects, etc. It’s, of course, a part of the ecosystem's composability and openness, but if reusing other parts of the code, always make sure it doesn’t have any issue with it. Check for the latest hacks or audit reports of the project you’re forking from to see if any issues were not solved.
And for god’s sake, before posting on medium an article about PancakeBunny hack, make sure you, who has copied their code, aren’t vulnerable to the same issue.
I already wrote articles about “The State of Security in DeFi” and why issues like this are still present with categorization on Ethereum/BSC. One is already linked, second is here.
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