Staking Pool Exploit

We at Earneo believe in transparency and security, and for this reason we feel obligated to let you know that on Thursday, the 24th of February, our RNO/WBNB staking pool for Cake LP token has been exploited, resulting in a loss of 70% of PancakeSwap liquidity.

This event led to a 60% drop in RNO token price.

What exactly happened?

We discovered that the attacker removed all Cake LP token from our staking pool and all liquidity from PancakeSwap, while dumping around 1 million RNO tokens on the market. The price of the token…