An attacker exploited a transfer-handling flaw in NEM's NemTokenV2 contract, manipulating the NEM balance in a USDT trading pool. By repeatedly running transfer, skim, and flush operations 42 times, the attacker lowered NEM reserves in the PancakePair USDT/NEM pool and altered the pool's recorded reserves. This manipulation allowed the attacker to sell remaining NEM tokens at an inflated price, resulting in an estimated loss of $821,920. The incident highlights risks of contract-level flaws affecting decentralized exchange pools.
The NEM token contract exploit causing about $821,920 in losses provides context for cryptocurrency market conditions. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 23, 2026 04:03 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include ENJ (Enjin Coin) at Rp475 with a 1-day change of -7.46% and Pluang order activity of 90% Sell / 10% Buy, SUSHI (SushiSwap) at Rp3,821 with a 1-day change of -7.38% and order activity of 72% Sell / 28% Buy, and VET (VeChain) at Rp126 with a 1-day change of -7.31% and balanced order activity of 50% Sell / 50% Buy.
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