FHToken Loses $20,000 Due to Smart Contract Exploit on PancakeSwap V2
A security exploit in FHToken's smart contract resulted in a loss of approximately $20,000 from its liquidity pool on PancakeSwap V2.
The flaw was found in the token's transfer function and isSell logic, which allowed an attacker to repeatedly trigger incorrect token burns and drain funds from the pool.
By looping buy and sell transactions, the attacker exploited the vulnerability and siphoned off value until the pool had lost $20,000.
The incident highlights concerns about security practices across smaller decentralized finance projects and underscores the importance of thorough security audits to protect investor trust.