SAFEMOON HACKED/COMPROMISED AFTER HACKER EXPLOIT
Tuesday afternoon around 3pm EST, a hacker was able to steal and exploit a vulnerability on the newest deployed Safemoon contract burn mechanics. Citing the bsc transaction hash here, the hacker was able to artificially raise price within the ecosystem, then drain the liquidity at which the contract holds. Down below highlights @MoonMark_, a Twitter User that describes, in a nutshell, exactly what was found in the Safemoon contract that made it so easy to run with the cash.
Safemoon then responds to the Community and addresses the problem at hand.
FOLLOWING THE LIQUIDITY DRAIN, PRICE TUMBLES AND RECOVERS, BUT WITH NO LIQUIDITY INVESTORS ARE LEFT HIGH AND DRY HOLDING THEIR BAGS
ACCORDING TO DEXSCREENER METRICS ARE AS FOLLOWS
