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BabyDoge cryptocurrency loses $100,000 in exploit involving Binance, Venus, and PancakeSwap

June 21 (Cointime) - BabyDoge, a popular meme cryptocurrency, has suffered a major exploit resulting in a loss of approximately $100,000 worth of Binance Coins (BNB).

The incident was flagged by crypto security firm PeckShield and involved a sequence of transactions that moved funds from Venus token to Binance Wrapped BNB token and then onto PancakeSwap.

BabyDoge operates on the Binance Smart Chain and has been gaining popularity since its creation in June 2021. Despite recently scoring a listing on another exchange, it remains outside of the top 100 cryptocurrencies by market cap.

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