SlowMist said that the NEM token contract was attacked, with losses of approximately 821900 USD
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AT A GLANCE
SlowMist said that the NemTokenV2 was attacked, with losses of approximately 821,920 USD, while the attacker repeatedly manipulated the liquidity pool to extract USDT。
Article
SlowMist:NEM losses of approximately 820000 USD, with the attacker profiting by repeatedly manipulating the liquidity pool
PANews October 22 reported that SlowMist issued a security alert stating that the NEM token contract NemTokenV2 was attacked, with losses of approximately 821,920 USD. The attacker exploited a vulnerability whereby the contract failed to verify swap settlement results, transferring tokens into the liquidity pool and repeatedly executing skim()and flushLpSellRecycle()operations. These operations were repeated 42 times, continuously driving down the liquidity pool reserves, after which the attacker sold the remaining NEM, extracting USDT. The attack involved PancakeSwap USDT/NEM trading pairs. SlowMist has published the attacker, the attack contract, and the address of the vulnerable NemTokenV2 contract.
SlowMist issued a security alert stating that the NEM token contract NemTokenV2 was attacked.
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The article stated that the losses were approximately 821,920 USD。
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After transferring tokens into the liquidity pool, the attacker repeatedly executed skim()and flushLpSellRecycle()operations.
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These operations were repeated 42 times, continuously driving down the liquidity pool reserves.
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The attacker subsequently sold the remaining NEM, extracting USDT。
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The attack involved PancakeSwap USDT/NEM trading pairs.
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SlowMist has published the attacker, the attack contract, and the address of the vulnerable NemTokenV2 contract.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
According to the article, the contract did not verify the settlement result after the swap. The attacker used this to repeatedly call the two operations, alter the liquidity pool reserves, and then sell the remaining NEM in exchange for USDT。
Why it matters to readers
The incident caused approximately 821,920 USD in losses and involved USDT/NEM trading pairs, indicating that the relevant contracts and liquidity pools pose security risks.
Those new to holding or trading NEM should pay attention to contract security and liquidity pool anomalies; pending further verification and clarification of the response, they should operate cautiously.
Risks and unknowns
The material is PANews' account of SlowMist's security alert and does not include a link to SlowMist's original announcement.
The material does not provide on-chain transaction records, so the attack process and loss amount cannot be independently verified based solely on the available evidence.
The material does not state whether the vulnerability has been fixed, whether the affected contract has been suspended, or whether any compensation or migration plan exists.
The material does not state the subsequent flow of the extracted funds or whether they were recovered.
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Related concepts
Liquidity pool
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