$117K Drained from BNB Smart Chain after CCC Token Exploit

Crypto news is reporting that an estimated $117,000 was drained from the CCC token's liquidity pool on BNB Smart Chain (BSC) after an attacker manipulated the sell() function to burn tokens.

TenArmorAlert detected suspicious activity involving CCC on August 28 and identified the affected function as sell(), which allowed the attacker to burn tokens directly from the liquidity provider pair.

The security firm has not disclosed how the attacker obtained access to trigger the affected function or whether another contract interaction was required before the tokens could be burned.