The most recently hacked DeFi project couldn’t even copy and paste Uniswap and Sushiswap’s code

HeadlinesNewsThe most recently hacked DeFi project couldn’t even copy and paste Uniswap and Sushiswap’s code

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The most recently hacked DeFi project couldn’t even copy and paste Uniswap and Sushiswap’s code

CryptoSlate1 week ago
Published on May 01, 2021 12:40 GMT+0edited on May 01, 2021 01:02 GMT+0

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Earlier this week, Uranium Finance, a Binance Smart Chain-based DeFi project, claimed to have lost $50 million dollars in an exploit of its platform, which had borrowed code extensively from Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain.

An automated market maker (AMM) protocol, it is a fork of Uniswap V2, with the added bonus of providing users with daily dividends to its users.

The Uranium developers had only recently deployed Version 2 of their contracts, just eleven days prior to everyone migrating to v2.1. The project tweeted upon the exploit:

“Uranium migration has been exploited, the following address has 50m in it  The only thing that matters is keeping the funds on BSC, everyone please start tweeting this address to Binance …