Atlantis Loans Hack

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Discovered On2023-06-11
Stolen Amount$2.5M
Affected Networks
BNB Chain Logo
Read Morehalborn.com, twitter.com, twitter.com, twitter.com

Description

Atlantis Loans was the target of a governance attack on the 11th of June 2023. The project was a lending protocol on BNB Chain that was abandoned earlier in 2023. As a result of the project being abandoned the attackers were able to create a malicious governance proposal that updated several contracts in the Atlantis Loans system.

Since the project was abandoned, there were no user deposits left in the system, but there were still many users that had active approvals granted to the Atlantis Loans smart contracts. The attackers were able to drain over $2.5M from these users by using the updated smart contracts to drain the approved funds.

Affected users remain at risk as long as they haven't revoked their approvals, so it is recommended to use the Revoke.cash Exploit Checker below to make sure that you're safe.

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