Likwid Margin Exploit Causes 74.31 BNB Loss
BNB (BNB)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Likwid suffered a loss of 74.31 BNB following a security exploit in its margin position. The incident highlights vulnerabilities in decentralized finance platforms, potentially impacting user confidence and market stability. SlowMist identified the issue in an alert regarding the protocol's security measures.
The attack exploited a flaw in how the contract handled collateral and borrow cycles. This allowed the attacker to repeatedly execute the margin and borrow cycle without affecting the automated market maker’s price. Such incidents emphasize the need for thorough audits and rigorous testing to safeguard assets.
The event underscores ongoing security challenges within the DeFi sector. Developers must enhance measures to prevent further incidents in the evolving crypto landscape. BNB remains a significant player as traders monitor performance amid these security concerns. The broader market shows mixed signals, adding to apprehension surrounding projects like Likwid.
How the market reacted
Whalio's own Binance spot order flow for BNB, measured when this story was written up on 18 September 2026. Not the outlet's figures.
BNB is currently trading at $738.36 with a 24-hour spot volume of $93,471,497. The 1-hour buy ratio stands at 44.5%, while the 4-hour ratio is 46.7%, both slightly below the 24-hour average of 45.0%. Volume delta is negative across all timeframes, with -$743,255 in the last hour and -$2,196,745 over four hours. This indicates that sellers are currently outweighing buyers in the short term. The cumulative volume delta for the 24-hour period closes at -$2,134,659. Net buying occurred for only 12 of the last 24 hours, suggesting a lack of sustained buying pressure.
The latest daily buy ratio of 46.4% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BNB, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.2%, making today's 24-hour ratio of 45.0% lower by 3.3 points. Volume relative to the weekly average is at 1.00x, indicating normal trading activity levels. However, net buying occurred on only 1 of the last 7 days, showing a lack of consistent bullish momentum. The 8-day price change is +4.2%, but the total volume delta for that period is -$37,146,060. This suggests that despite a positive price trend, selling pressure has been dominant over the longer timeframe.