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SlowMist Warning: BSC Protocol Little Boy Plus Hacked, $370k Looted
BSC On-Chain DeFi Mining Protocol Little Boy Plus Hacked, Loss Approximately $370k (about 610.5 BNB).
SlowMist Monitoring Indicates the Vulnerability Originates from the LBPHashrate._update() Function Being Bypassed by Zero-Value transferFrom Authorization Checks, Allowing Attackers to Drain All USDT via PancakeSwap Liquidity Pool.
(Background Recap: BSC Official: 8 Flash Loan Attacks Possibly Caused by the "Same Hacker Group"!)
(Additional Context: Privacy Coin Aztec Smart Contract Hacked, $2.19 Million Stolen! SlowMist Reveals "Settlement Bypass" Vulnerability)
Blockchain Security Firm SlowMist Monitored that on June 18, the BSC DeFi mining protocol Little Boy Plus was hacked, resulting in a loss of about $370k (approximately 610.5 BNB). SlowMist pointed out that the core vulnerability lies in the LBPHashrate._update() function.
Zero-Value Transfer Bypasses Authorization Checks
SlowMist analysis indicates that the vulnerable function is located at address 0x5e3c…85fe, where the issue is that this function can be triggered by a zero-value transferFrom call, bypassing OpenZeppelin’s allowance check mechanism. Specifically, an attacker can call LBPHashrate.transferFrom(pair, DEAD, 0) without having approval for the trading pair, which internally triggers the _harvest(pair) function.
Minting LBP Tokens Causes Liquidity Imbalance
The _harvest(pair) function then directly mints LBP tokens to the PancakeSwap liquidity pool address via LBP.mintReward(pair, reward). This artificially generated LBP increases the apparent balance of the trading pair but does not update the actual reserves, leading to a price imbalance within the liquidity pool. Exploiting this vulnerability, the attacker used PancakePair.swap() to drain all USDT from the pool.