The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the perpetrator a fee of $4.16. The MEV Bot responsible for the attack manipulated the price of the BH token, exploiting a flaw in the system to borrow a large amount of USDT and swap it for BH. The attacker then removed liquidity, allowing them to withdraw even more USDT. The attack was confirmed by Beosin, a blockchain security company, and the attacker’s address was identified as 0x216Ccf. The MEV Bot address was created on Oct. 6 and has been inactive since the attack. Flash loan attacks have become a concern in the crypto space, with scammers using the mechanism to steal funds from users. In the past 30 days alone, over $2.2 billion in transaction value has been involved in flash loans. This incident highlights the need for increased security measures to protect investors and crypto systems from such attacks.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Beosin, Sturdy Finance, EigenPhi, Tornado Cash, Pancakeswap DEX
Currencies	Tether, BNB, Bahraini Dinar
Securities	None