TapiocaDAO, an omnichain lending protocol built on LayerZero (ZRO), has reportedly fallen victim to an exploit. The incident has caused the platform's native token, TAP, to experience a catastrophic 95% decline in value. Despite the significant drop in TAP's price, details surrounding the nature of the exploit remain scarce at the time of writing. The TapiocaDAO team is yet to provide an official statement or announce any mitigation measures. The hack underscores the ongoing security challenges facing the decentralized finance (DeFi) sector. Exploits and hacks have become increasingly common, leading to substantial losses for investors and damage to the reputation of the industry. As the investigation into the TapiocaDAO exploit unfolds, it is crucial for users to exercise caution and conduct thorough research before interacting with any DeFi protocols. The security of user funds should always be a top priority, and vigilance is paramount in navigating the evolving DeFi landscape.