đšTapioca DAO Suffers $4.5M Hack, TAP Token Crashes By 97%
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In a major attack, Tapioca DAO has lost $4.5 million, with its TAP token plunging by 97%! Hackers exploited the DAO's vesting contract, stealing 30M in #TAP tokens, $2.8M $USDC and $1.57M in $ETH . The stolen assets were quickly converted to USDT and transferred to Binance Smart Chain.
đ„ Panic gripped the community as TAP fell from $1.50 to below $0.04! Despite recovering 1,000 ETH ($2.7M), Tapioca DAO faces an uphill battle. The team advises caution while they work on a possible TAP reissue.
This isnât the first major hack this week â earlier, we covered a $50M hack on $RDNT đ
#TapiocaDAO #RadiantCapital