BeatSwap Hacked, Loses Approximately $77,512; Attacker Manipulates Uniswap V3 Spot Price to Drain BTX Tokens
52 minutes ago
According to Slow Mist monitoring, Web3 IP copyright platform BeatSwap was hacked, resulting in a loss of 2,984,557 BTX, worth approximately $77,512. The attacker borrowed 6,000,000 BTX via a flash loan and dumped it into the Uniswap V3 pool to lower the sqrtPriceX96. Exploiting a vulnerability in the LiquidityVestingConvert contract — which only uses the V3 spot price and lacks Time-Weighted Average Price (TWAP) and deviation limits — the attacker called the deposit() function twice (for 10,000 and 2,000 USDT) to manipulate prices, mint positions, and drain all BTX from the liquidity pool.
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