Search and rescue π The omnichain money market protocol Tapioca DAO suffered a $4.4M exploit over the weekend by a potential North Korean hacker. According to the team, the attacker obtained the private keys to the team's token vesting contract via social engineering, allowing them to access 30M of the team's vested TAP tokens. The funds were then sold across various DEXs into ETH and USDT, causing the price of TAP to plunge by 97% from $1.43 to $0.04. The funds were then moved from Arbitrum to the BNB Chain. However, it wasn't a total loss for the Tapioca Foundation. With the help of security engineers from Fuzzland and the emergency response team SEAL911, the DAO managed to secure 1,000 ETH (~$2.7M) that had gone unnoticed by the exploiter. The team has since offered the attacker a $1M bounty in exchange for the rest of the stolen funds. |
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