🚨Tapioca 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.

🔥 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 isn’t the first major hack this week – earlier, we covered a $50M hack on $RDNT 📉

#TapiocaDAO #RadiantCapital

#zachxbt

#TapiocaDAO hack is likely the result of a team member downloading #Malware as the theft is tied on-chain to other recent hacks such as Nexera, Concentric, Masa, SpaceCatch, Reach, Serenity Shield, MurAll, etc I have previously covered which were the result of fake job scams (contagious interview)
Stolen funds from this incident were bridged from #ARBİTRUM to #BSC where ~$4.7M currently sits.0x69d91e56ca80f2a4d7b808b59053ea5c5505ffe2