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BNB Smart Chain flash loan attack drains CoreVault insurance pool of 160.26 BNB.

Market News
04 Nov 2026, 04:36 WIB
Crypto Briefing
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Bearish
BNB Smart Chain flash loan attack drains CoreVault insurance pool of 160.26 BNB.

An attacker exploited a flash loan to manipulate CoreVault's price oracle on BNB Smart Chain, allowing them to redeem 33 times the value they should have, draining 160.26 BNB (about $112,200) from the protocol's InsurancePool. This pool is meant to cover losses, so its depletion raises concerns about future risk coverage for users. The incident highlights vulnerabilities in DeFi oracles and the risks of flash loan attacks. CoreVault has yet to announce recovery plans or a detailed investigation.

As of Nov 04, 2026 09:41 WIB, BNB trades on Pluang at Rp12.560.800 with a 1-day decline of 1.07%. Despite the recent flash loan attack draining 160.26 BNB from CoreVault's InsurancePool, BNB's market cap remains substantial at Rp1.644,24 trillion. Pluang users show strong buying interest with 80% buy orders and a typical hold time of 90 days, indicating ongoing confidence in BNB amid DeFi risks.

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