Case Studies/BurgerSwap
    BurgerSwap

    BurgerSwap Hack: $7.2M Stolen

    May 28, 2021 · BSC

    stolen
    $7.2M
    re-entrant swaps in one tx
    14
    addresses traced
    4
    transfers
    96

    What happened

    On May 28, 2021, BurgerSwap — a BSC-based AMM — was drained of ~$7.2M in a flash-loan attack that abused a fake-token pair to manipulate reserves and re-enter the swap logic fourteen times in one transaction. ChainHint traces the attacker's address as the proceeds were swapped out through 1inch, the largest of the three endpoints this trace holds.

    How the funds moved

    Step 1

    Fake-token Flash Loan

    The attacker created a worthless token, paired it against BURGER, and used a flash loan to swap through the fake pair — exploiting a missing reserve check to re-enter the swap path 14 times in a single transaction.

    Step 2

    Reserve Drain

    Each re-entry drained real assets (BNB, BUSD, WBTC, BURGER) from BurgerSwap's pools against the worthless collateral. Roughly $7.2M left the AMM in minutes.

    Step 3

    1inch Exit

    Proceeds were routed out through 1inch aggregation — the largest of the three endpoints this trace holds, on both the historical and the current valuation.

    Where the funds went

    Read from the transfers in ChainHint's trace, not from press reports

    First transfer
    May 27, 2021
    Last transfer traced
    Jul 5, 2021
    Hops traced
    1
    DEX swaps
    0
    First hop out of the attacker's address
    $2.07MUSDT
    $1.79MWBNB
    $74.8KBNB

    ChainHint's trace of the BurgerSwap hack follows 96 transfers across 4 addresses and 1 hop, between May 27, 2021 and Jul 5, 2021. The first hop out of the attacker's address moved USDT ($2.07M), WBNB ($1.79M), BNB ($74.8K).

    Visualized attack path

    4 addresses · 96 transfers · Traced with ChainHint

    View Interactive Graph →

    Key findings

    Attacker Address

    0x6c9f…4994Sender of the SlowMist-published exploit transaction on BSC. Verified on-chain via the public BSC RPC: the attack tx originates from this EOA.
    Flash LoanReentrancy

    Trace Shape

    One hop, three endpointsEvery transfer this trace holds leaves the attacker's address at depth 1, into a handful of DeFi contracts. Where the proceeds went after those contracts is not something this trace answers.
    Behavioral Match

    Historical Context

    The 2021 BSC flash-loan waveBurgerSwap fell in the same season as PancakeBunny, Belt and Bogged — a months-long wave of flash-loan attacks on BSC AMMs with unguarded reserve math.

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