CCC exploit drains $117K after attacker targets BSC liquidity pool

CCC token on BSC has suffered an exploit that caused an estimated $117,000 loss after an attacker manipulated the token contract’s sell() function and burned tokens held in its liquidity pool. Summary CCC suffered an estimated $117,000 exploit on BSC after an attacker targeted the token contract’s sell() function. TenArmorAlert said the function was used to burn CCC tokens held in the liquidity pool, causing abnormal price movement. The security firm has not disclosed the full attack sequence or explained how the attacker was able to trigger the affected function. No detailed post mortem, fund recovery plan or compensation proposal had been announced at the time of the alert. According to blockchain security firm TenArmorAlert, its monitoring system detected suspicious activity involving CCC on BSC on Aug. 28 and traced the incident to the token contract’s sell() function. The firm said the function was used to burn CCC tokens directly from the liquidity provider pair, which was followed by abnormal movement in the token’s price. TenArmorAlert estimated losses from the attack at roughly $117,000. The firm identified an attack transaction beginning with “0x89d805064” in its security...