CryptoMedium•22 October 2026•
1 min read
CertiK Flags $820K Exploit Draining NEM Token Liquidity on PancakeSwap
Key Facts
1CertiK identified an exploit that drained $820,000 from the NEM token liquidity pool on PancakeSwap.
CertiK identified an exploit that drained $820,000 from the NEM token liquidity pool on PancakeSwap. Crypto Briefing reported that the attacker manipulated a flawed sell-tracking mechanism within the NemTokenV2 contract on the BNB Chain to extract funds before bridging them to the Ethereum network.
The exploit specifically targeted the USDT/NEM liquidity pair by repeating a reserve manipulation loop 42 times due to a logic error in the smart contract's accounting. The incident highlights significant security vulnerabilities and ongoing risks within decentralized finance tokenomics.