Automated market creation platform, Uranium Finance, which operates on Binance Smart Chain, reported the theft of about $50 million of its cryptocurrency deposits at the end of April through its Twitter account. The company immediately asked users to stop making transfers to Binance while it worked on a fix to the problem. As reported, the target of the exploit was the v2.1 token migration event scheduled by Uranium themselves. A later investigation indicated that the hacker had taken advantage of detected bugs in the platform’s balance modifier logic. The balance of the project was then inflated by a factor of 100. Likewise, reports revealed that hackers took advantage of a security flaw to steal the project’s money. At the time, the contract created by the hacker consisted of $38 million in Binance Coin (BNB) and Binance USD (BUSD).

Among the other funds stolen were 80 BTC, 1,800 Ether, 26,500 DOT, 5.7 million USDT and 638,000 ADA, in addition to 112,000 u92, the project’s own token. The funds were moved in blocks of 100 ETH. The attacker exchanged the ADA and DOT tokens for ETH. This resulted in an increase in the volume of Ether to around 2,400 ETH. The thief then managed to move 2,400 ETH, which was equivalent to $ 5.7 million USD at the time, doing so through the Ethereum Tornado Cash privacy tool. Tracingia LLC rendered cybersecurity service in this case.

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