Crypto Burgers Hacked: 770K USD Lost

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Key Takeaways: 

  • CertiK decentralized security solutions and the world’s first Security Oracle also detected multiple flash loan attacks with $BURG with a loss of around $770K currently.
  • Crypto Burgers will immediately create direct contact with Binance for a trace of the hot wallet used and they will try to recover some percentage of what has been taken out.
  • Then Crypto Burgers will contact CertiK to know exactly what happened and evaluate the next steps to take.
  • They will create a new token as soon as possible together with a new contract where the liquidity will be added again.
Crypto Burgers Hacked: 770K Usd Lost
Crypto Burgers Hacked: 770K USD Lost

This morning PeckShield Inc. informed people that there is a bug in the $BURG token contract and the bug is currently being exploited. CertiK decentralized security solutions and the world’s first Security Oracle also detected multiple flash loan attacks with $BURG with a loss of around $770K currently. According to CertiK, the attack was caused by a smart contract vulnerability that allows the token to burn in any account.

After a few hours, Crypto Burgers had done a live AMA explaining what had really happened. According to them, they have suffered a strong attack and they are currently dealing with everything. In the next few days, they will be recreating the token and injecting the existing liquidity to reactivate CryptoBurgers.

They tweeted an image in which it was written on behalf of the Devs team, first of all, we want to make it clear that we are still here, we haven’t gone anywhere and we won’t go anywhere. We are committed to our project and will continue to take it forward. This is being said because we want to make clear what will be the measures to follow after what happened.

The image further said that Crypto Burgers will immediately create direct contact with Binance for a trace of the hot wallet used and they will try to recover some percentage of what has been taken out. Then Crypto Burgers will contact CertiK to know exactly what happened and evaluate the next steps to take. They will create a new token as soon as possible together with a new contract where the liquidity will be added again.

They said this process will be carried out as soon as possible. The contract along with its respective audit will be made public soon. In the next few days, the team will be evaluating the fairest way to make the return of all the BNB. As of this announcement in 4 days, CottageTV will be on the channel https://www.twitch.tv/strompegasus giving a progress report on all of this in an AMA and taking questions from the community.

They made some important notes by saying it is important to stress that no member of the moderator team should be threatened as their job is to be a bridge of communication between the devs and the community.

The DAPP will continue to be fully functional as it has not been damaged or altered, those with burgers will be able to continue playing without problems. Wallets with tokens will not be lost, they will be restored in the deployment of the new contract along with their balance but with the new token. 

They said they regret how this situation has affected many, and the Crypto Burgers team they want to clarify that we have not gone anywhere, we have put a lot of effort into our project. Telegram/discord channels will be kept closed and only information will be sent through them by the mods/devs team.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.

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