DxSale drained for $7.3M in BNB Chain liquidity exploit
DxSale was drained for about $7.3 million from BNB Chain liquidity providers, raising fresh concerns over old DeFi locker contracts....
Key takeaways
- 1DxSale lost $7.3 million in BNB tokens affecting approximately 1,400 liquidity providers on BNB Chain.
- 2Attacker exploited a backdoor left in the deployer contract and transferred stolen funds through Bybit to Binance deposit addresses.
- 3DeFi sector suffered $52 million in hacks during May 2026, down from $634 million in April, raising AI-powered vulnerability concerns.
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Why it matters
This exploit highlights critical security risks in legacy DeFi locker contracts used by Indian retail investors for token launches and liquidity management. Rising AI-enabled attacks underscore systemic DeFi vulnerabilities, directly affecting Indian crypto traders' fund safety and trust in decentralized platforms.
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