CashCowCoin suffers $117,400 loss due to flawed trading router
CashCowCoin experienced a significant loss due to a flaw in its trading router implementation. The issue allowed for repeated draining of the liquidity pool on the BSC chain.
CashCowCoin's unverified trading router implementation contract encountered a critical flaw in its sell() function. This vulnerability was exploited after the PancakeSwap Router executed a swap from CCC to WBNB. The proxy then called a privileged token function that transferred post-tax CCC to a dead address, followed by invoking Pair.sync(). This process resulted in the burning of sell-side CCC while the reduced WBNB reserve remained intact, facilitating the repeated draining of the pool’s WBNB through approximately 80 iterative sell cycles.
The incident led to a total loss of $117,400. The exploitation of the flawed sell() flow allowed for a systematic extraction of funds from the liquidity pool, significantly impacting the token's value and liquidity. The use of the BSC chain means that all transactions related to this incident can be traced on-chain, providing a record of the activities that took place during the exploit.
The on-chain record indicates that the flawed mechanism allowed for the manipulation of the CCC and WBNB reserves, resulting in a substantial financial impact on the CashCowCoin ecosystem. The details of the transactions involved in the exploit can be reviewed on the BSC chain, which may assist in understanding the sequence of events that led to the loss.
