Minor exploit of the BUSD Buy Back Governance Contract
Published in
Dec 7, 2023
The BUSD BuyBack Governance contract was exploited for approximately $200K due to an outage in the buyback bot. This allowed a significant amount of rewards to build up which were then exploited with a flashloan attack.
ELEPHANT Treasury governace contracts are not vulnerable to this attack and all access to the BUSD Treasury has been cut off while we make the final migration of Futures to BNB.
No customer funds were impacted.
