The security monitoring agency detected an abnormal activity in the SynapLogicon contract. The attacker used a new address to exploit a flash loan vulnerability, leveraging 1 ETH as a pivot to mint a large number of 16,000 SYP tokens within the contract, then quickly recovered the ETH and escaped. A total of 193 related suspicious transactions were recorded during the process. This type of "flash loan → minting → repayment" combined attack method is not uncommon in the DeFi space. Holders are advised to pay attention to the contract security audit reports of the projects they are involved in and to avoid risks in a timely manner.

ETH-5,85%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GateUser-1a2ed0b9vip
· 12h ago
Oh no, it's another flash loan scam. Truly hard to defend against.
View OriginalReply0
MerkleMaidvip
· 12h ago
1 ETH leverages 16,000 tokens? That's a brilliant tactic, flash loans are working again!
View OriginalReply0
GasFeeTherapistvip
· 12h ago
Can you farm 16,000 coins with just 1 ETH? This method is so old-fashioned; DeFi is like this—always falling into the same traps and making the same mistakes. --- Both flash loans and minting coins—these project teams really don’t take audits seriously at all. --- 193 suspicious transactions weren’t stopped? Monitoring agencies are truly powerless. --- Holding tokens means you need to do your homework; relying solely on the project team is asking for trouble. --- Playing the same trick so many times—are there still people willing to enter these kinds of contracts? --- Flash loans are like opening Pandora’s box; anyone can exploit them for profit. --- Using 1 ETH to get 16,000 coins—that profit... no wonder attackers are relentless.
View OriginalReply0
DegenDreamervip
· 12h ago
Another flash loan scam, this time with just 1 ETH to extract 16,000 tokens, unbelievable.
View OriginalReply0
MindsetExpandervip
· 12h ago
Flash loans are back? I've seen this trick too many times—using 1 ETH to leverage 16,000 tokens. How fragile is that... As I always say, projects without an audit report are really not worth touching.
View OriginalReply0
BugBountyHuntervip
· 12h ago
1 ETH leverages 16,000 coins? This trick is really everywhere now, is DeFi really that unimpressive? --- Why can't this vulnerability in flash loans be fixed? It's always the same routine. --- SYP holders must be getting nervous, once again caused by poorly audited projects. --- Only 193 transactions caught, on-chain monitoring really needs an upgrade. --- Lending → Minting → Runaway, the classic trilogy, getting tired of it. --- Every day there's a new project being exploited, when will they finally learn? --- How many people actually know how to read a smart contract audit report? Honestly ask yourself. --- But on the other hand, just one ETH can cause such a big stir, DeFi security is worrying. --- Another flash loan attack, project teams need to do some self-reflection.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)