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[Serious] I warned you guys about Mirror Protocol 5 days ago. The whole ecosystem just got rugged.

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by COINS NEWS 85 Views

This is a developing story so this is everything I can glean as it only happened a few hours ago.

Much like the BBTF double-whammy hack from last year, an exploit has just happened on Mirror Protocol, associated with BBTF, which are Safemoon's former next-door neighbours (as I believe Safemoon have abandoned their HQ in Utah now)

This exploit involves receiving tokens that don't belong to you and dumping them on the market.

This wallet here I've labelled "MP Attacker" has managed to use some function called "Emergency Withdrawal" to access the pool of staked Mirror Protocol tokens in this Escrow wallet.

It seems he was able to do this by somehow getting transferred the ownership of the escrow contract.

He then withdrew 1.2 Million BTC-Mirror tokens, 15.1 Million BNB-Mirror tokens and 889.8 Million XRP-MP tokens

Thankfully, because these are all tokens of a dogshit ecosystem they're next to worthless, but the attacker still managed to get ahold of 429 BNB worth $90k after ruthlessly dumping all the tokens.

As expected, the charts for BTC-MP, BNB-MP and XRP-MP are bloodbaths. Trading has been paused while they investigate.


You give your money to clowns, you get a circus.

submitted by /u/TNGSystems
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