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๐Ÿšจ๐Ÿคฏ $DEFI DRAMA OF THE YEAR ๐Ÿฟ๐Ÿ’ฅ A hacker allegedly pulled off a mind-blowing $293 MILLION exploit from KelpDAO ๐Ÿ˜ฑ๐Ÿ’ธ The attacker reportedly minted fake rsETH tokens ๐Ÿช™โš ๏ธ and then walked straight into Aave like he owned the blockchain ๐ŸŒ๐Ÿ˜Ž ๐Ÿ’ฐ The hacker opened a gigantic $123M borrowed position using the fake collateralโ€ฆ looking unstoppable for a moment ๐Ÿš€๐Ÿ‘€ BUT THENโ€ฆ THE PLOT TWIST HIT HARD ๐ŸŽฌโšก ๐Ÿ›‘ Aaveโ€™s team reportedly reacted fast by manually lowering the rsETH oracle price ๐Ÿ“‰ ๐Ÿ’ฅ The move triggered a massive liquidation ๐Ÿ”ฅ And the attackerโ€™s entire position got wiped out using the very funds he allegedly stole ๐Ÿคก๐Ÿ’ธ ๐Ÿ“‰ Imagine hacking $293Mโ€ฆ only to get COMPLETELY REKT by the same protocol you tried to exploit ๐Ÿ’€๐Ÿ˜‚ ๐Ÿ† Karma speedrun any% world record achieved โšก๐ŸŽฎ ๐Ÿฟ DeFi justice has never looked this satisfying. โš ๏ธ Reminder: DeFi remains highly risky. Always stay cautious and manage your security carefully ๐Ÿ” #DeFi #Crypto #Aave #KelpDAO #Hack #Blockchain #Ethereum #CryptoNews ๐Ÿš€๐Ÿ”ฅ
๐Ÿšจ๐Ÿคฏ $DEFI DRAMA OF THE YEAR ๐Ÿฟ๐Ÿ’ฅ
A hacker allegedly pulled off a mind-blowing $293 MILLION exploit from KelpDAO ๐Ÿ˜ฑ๐Ÿ’ธ
The attacker reportedly minted fake rsETH tokens ๐Ÿช™โš ๏ธ and then walked straight into Aave like he owned the blockchain ๐ŸŒ๐Ÿ˜Ž
๐Ÿ’ฐ The hacker opened a gigantic $123M borrowed position using the fake collateralโ€ฆ looking unstoppable for a moment ๐Ÿš€๐Ÿ‘€
BUT THENโ€ฆ THE PLOT TWIST HIT HARD ๐ŸŽฌโšก
๐Ÿ›‘ Aaveโ€™s team reportedly reacted fast by manually lowering the rsETH oracle price ๐Ÿ“‰
๐Ÿ’ฅ The move triggered a massive liquidation
๐Ÿ”ฅ And the attackerโ€™s entire position got wiped out using the very funds he allegedly stole ๐Ÿคก๐Ÿ’ธ
๐Ÿ“‰ Imagine hacking $293Mโ€ฆ
only to get COMPLETELY REKT by the same protocol you tried to exploit ๐Ÿ’€๐Ÿ˜‚
๐Ÿ† Karma speedrun any% world record achieved โšก๐ŸŽฎ
๐Ÿฟ DeFi justice has never looked this satisfying.
โš ๏ธ Reminder: DeFi remains highly risky. Always stay cautious and manage your security carefully ๐Ÿ”
#DeFi #Crypto #Aave #KelpDAO #Hack #Blockchain #Ethereum #CryptoNews ๐Ÿš€๐Ÿ”ฅ
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Bullish
1๐Ÿ“Š $2 billion in protocol TVL moves from LayerZero to Chainlink CCIP Analyst Tom Wan points out that protocols with about $2 billion in combined TVL - including KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million) - are migrating to Chainlink CCIP despite LayerZero's recent apology. Major assets like Ethena's USDe, Etherfi's weETH, and Bitgo's WBTC continue to use LayerZero's OFT standard. This exodus follows LayerZero's admission of poor communication during a recent exploit, where they revealed that their internal RPC was attacked by the Lazarus Group and acknowledged a DVN 1/1 misconfiguration that created a critical single point of failure. #hack
1๐Ÿ“Š $2 billion in protocol TVL moves from LayerZero to Chainlink CCIP

Analyst Tom Wan points out that protocols with about $2 billion in combined TVL - including KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million) - are migrating to Chainlink CCIP despite LayerZero's recent apology. Major assets like Ethena's USDe, Etherfi's weETH, and Bitgo's WBTC continue to use LayerZero's OFT standard.

This exodus follows LayerZero's admission of poor communication during a recent exploit, where they revealed that their internal RPC was attacked by the Lazarus Group and acknowledged a DVN 1/1 misconfiguration that created a critical single point of failure. #hack
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๐Ÿ›ก๏ธ Mission Accomplished! Aave Liquidates Attacker's rsETH Positions โœ… The team successfully activated the "Recovery Guardian" feature to liquidate the hacker's funds on both Ethereum and Arbitrum, recovering the assets back to the protocol! ๐Ÿ’ธ๐Ÿ”’ ๐Ÿ” What happened: โ€ข The attacker tried to manipulate the system using rsETH leverage. โ€ข The team acted instantly to close all positions before any major damage occurred. โ€ข Proves that the security mechanisms are fast and highly effective. โšก๏ธ Result: User funds are SAFU! Aave once again showed its ability to protect the ecosystem and respond to threats like a pro ๐Ÿ‘Š $AAVE $ETH $ARB #Aave #DeFi #Security #Hack #Recovery
๐Ÿ›ก๏ธ Mission Accomplished! Aave Liquidates Attacker's rsETH Positions โœ…

The team successfully activated the "Recovery Guardian" feature to liquidate the hacker's funds on both Ethereum and Arbitrum, recovering the assets back to the protocol! ๐Ÿ’ธ๐Ÿ”’

๐Ÿ” What happened:
โ€ข The attacker tried to manipulate the system using rsETH leverage.
โ€ข The team acted instantly to close all positions before any major damage occurred.
โ€ข Proves that the security mechanisms are fast and highly effective.

โšก๏ธ Result:
User funds are SAFU! Aave once again showed its ability to protect the ecosystem and respond to threats like a pro ๐Ÿ‘Š
$AAVE $ETH $ARB
#Aave #DeFi #Security #Hack #Recovery
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๐Ÿฅท #ZRO Kelp DAO claims that LayerZero employees approved the setup of a 1-of-1 verifier. This verifier was later identified by LayerZero as the cause of the $292 million hack of the rsETH bridge. #hack #crypto
๐Ÿฅท #ZRO Kelp DAO claims that LayerZero employees approved the setup of a 1-of-1 verifier. This verifier was later identified by LayerZero as the cause of the $292 million hack of the rsETH bridge. #hack

#crypto
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๐Ÿšจ Critical Bitcoin Vulnerability Found! ๐Ÿ’ป๐Ÿ”ด Researchers discovered a severe bug that allowed miners to remotely run code and take over other people's Bitcoin nodes! ๐Ÿ˜ฑ ๐Ÿ” What happened? โ€ข The flaw existed in how the network processed block headers. โ€ข Hackers could create malicious blocks to inject code into users' systems. โ€ข It was dangerous enough to hijack computers, delete files, or install malware remotely. โœ… FIXED! Update Now Good news: The issue has been patched in the latest version Bitcoin Core v28.0. ๐Ÿ‘‰ If you are running a node, update immediately to protect your system! โ›‘๏ธ Safety first! ๐Ÿ‘ฎโ€โ™‚๏ธ๐Ÿ›ก๏ธ $BTC $ORDI $1000SATS {future}(BTCUSDT) #Bitcoin #Bug #Security #Hack #Node
๐Ÿšจ Critical Bitcoin Vulnerability Found! ๐Ÿ’ป๐Ÿ”ด

Researchers discovered a severe bug that allowed miners to remotely run code and take over other people's Bitcoin nodes! ๐Ÿ˜ฑ

๐Ÿ” What happened?
โ€ข The flaw existed in how the network processed block headers.
โ€ข Hackers could create malicious blocks to inject code into users' systems.
โ€ข It was dangerous enough to hijack computers, delete files, or install malware remotely.

โœ… FIXED! Update Now
Good news: The issue has been patched in the latest version Bitcoin Core v28.0.
๐Ÿ‘‰ If you are running a node, update immediately to protect your system! โ›‘๏ธ

Safety first! ๐Ÿ‘ฎโ€โ™‚๏ธ๐Ÿ›ก๏ธ
$BTC $ORDI $1000SATS

#Bitcoin #Bug #Security #Hack #Node
ุดู‡ุฏ ุงู„ุบุงู…ุฏูŠ:
ุฌุงุฆุฒุฉ ู…ู†ูŠ ู„ูƒ ุชุฌุฏู‡ุง ู…ุซุจุช ููŠ ุงูˆู„ ู…ู†ุดูˆุฑ๐ŸŽ
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Bullish
1๐Ÿฅท #ZRO Kelp DAO claims that LayerZero employees approved the setup of a 1-to-1 verifier. This verifier was later identified by LayerZero as the cause of the $292 million hack of the rsETH bridge. #hack
1๐Ÿฅท #ZRO Kelp DAO claims that LayerZero employees approved the setup of a 1-to-1 verifier. This verifier was later identified by LayerZero as the cause of the $292 million hack of the rsETH bridge. #hack
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โšก๏ธ Kelp Migrates Immediately! After LayerZero Bridge Hack ๐Ÿšช๐Ÿ’จ Following the massive exploit, Kelp didn't wait around. They announced an instant switch to Chainlink CCIP for maximum security ๐Ÿ”’ ๐Ÿ” Situation Summary: โ€ข The LayerZero bridge was exploited, resulting in a loss of $292 Million. โ€ข Kelp confirms they were $NOT directly affected or harmed by this incident. โ€ข However, to ensure the highest safety standards, they are moving their cross-chain infrastructure to Chainlink instead. ๐Ÿ›ก๏ธ Safety First: This decision shows the project prioritizes user funds above all else and is always ready to adapt for better security โœ… $LINK $ZRO #LayerZero #Chainlink #CCIP #Hack #Bridge
โšก๏ธ Kelp Migrates Immediately! After LayerZero Bridge Hack ๐Ÿšช๐Ÿ’จ

Following the massive exploit, Kelp didn't wait around. They announced an instant switch to Chainlink CCIP for maximum security ๐Ÿ”’

๐Ÿ” Situation Summary:
โ€ข The LayerZero bridge was exploited, resulting in a loss of $292 Million.
โ€ข Kelp confirms they were $NOT directly affected or harmed by this incident.
โ€ข However, to ensure the highest safety standards, they are moving their cross-chain infrastructure to Chainlink instead.

๐Ÿ›ก๏ธ Safety First:
This decision shows the project prioritizes user funds above all else and is always ready to adapt for better security โœ…

$LINK $ZRO #LayerZero #Chainlink #CCIP #Hack #Bridge
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๐Ÿ’ธ Drift Protocol Announces Recovery Token! After $285M Exploit ๐Ÿšจ The team has launched a full recovery plan, introducing a new "Recovery Token" specifically to compensate affected users ๐Ÿ’ฐ ๐Ÿ” Plan Summary: โ€ข Users who lost funds will receive these new tokens as compensation. โ€ข Future protocol revenues will be used to back or distribute profits to token holders. โ€ข A strategic move to keep the project alive and make users whole again. โš ๏ธ The Situation: This was one of the biggest hacks recently, but the team is doing everything possible to fix it and rebuild trust ๐Ÿ‘Š If you were affected, stay tuned for distribution details! ๐Ÿ“ข $DRIFT $4 #DriftProtocol #Hack #RecoveryToken #DeFi
๐Ÿ’ธ Drift Protocol Announces Recovery Token! After $285M Exploit ๐Ÿšจ

The team has launched a full recovery plan, introducing a new "Recovery Token" specifically to compensate affected users ๐Ÿ’ฐ

๐Ÿ” Plan Summary:
โ€ข Users who lost funds will receive these new tokens as compensation.
โ€ข Future protocol revenues will be used to back or distribute profits to token holders.
โ€ข A strategic move to keep the project alive and make users whole again.

โš ๏ธ The Situation:
This was one of the biggest hacks recently, but the team is doing everything possible to fix it and rebuild trust ๐Ÿ‘Š

If you were affected, stay tuned for distribution details! ๐Ÿ“ข
$DRIFT $4
#DriftProtocol #Hack #RecoveryToken #DeFi
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๐Ÿšจ The $292M Wake-Up Call: Is DeFi Ready for Wall Street? The recent $292 million exploitโ€”the largest crypto hack of the yearโ€”has sent shockwaves through the ecosystem, exposing critical vulnerabilities just as institutional giants prepare to move on-chain. This isn't just another headline; itโ€™s a pivotal moment for Decentralized Finance (DeFi) security and market structure. What Went Wrong? Industry insiders suggest that the crisis highlights three "weak spots" that can no longer be ignored: > Smart Contract Fragility: As protocols become more complex, the attack surface grows. Even "audited" code is proving vulnerable to sophisticated logic exploits. > Liquidity Risks: The hack triggered a secondary DeFi crisis, proving that interconnected protocols can create a "domino effect" during high-stress events. > Oracle Dependencies: Manipulating price feeds remains a go-to move for hackers looking to drain $ETH and $USDC pools. {future}(ETHUSDT) The "New Normal" for DeFi Security To attract "Wall Street" levels of capital, the industry is pivoting toward: 1- Real-Time Monitoring: Shifting from "post-hack alerts" to active circuit breakers that pause protocols automatically. 2- Institutional-Grade Risk Frameworks: Moving away from "move fast and break things" toward the rigorous risk management seen in TradFi. 3- Enhanced Auditing Standards: A rethink of how $BNB and $SOL ecosystem projects verify their security layers before launch. {future}(BNBUSDT) {future}(SOLUSDT) ๐Ÿ’ก The Bottom Line For DeFi to survive the arrival of big banks, security cannot be an afterthought. This $292M lesson is forcing a "Great Reset" in how we perceive risk on-chain. #writetoearn #defi #CryptoSecurity #Hack #blockchain
๐Ÿšจ The $292M Wake-Up Call: Is DeFi Ready for Wall Street?

The recent $292 million exploitโ€”the largest crypto hack of the yearโ€”has sent shockwaves through the ecosystem, exposing critical vulnerabilities just as institutional giants prepare to move on-chain. This isn't just another headline; itโ€™s a pivotal moment for Decentralized Finance (DeFi) security and market structure.

What Went Wrong?
Industry insiders suggest that the crisis highlights three "weak spots" that can no longer be ignored:

> Smart Contract Fragility: As protocols become more complex, the attack surface grows. Even "audited" code is proving vulnerable to sophisticated logic exploits.

> Liquidity Risks: The hack triggered a secondary DeFi crisis, proving that interconnected protocols can create a "domino effect" during high-stress events.

> Oracle Dependencies: Manipulating price feeds remains a go-to move for hackers looking to drain $ETH and $USDC pools.


The "New Normal" for DeFi Security
To attract "Wall Street" levels of capital, the industry is pivoting toward:

1- Real-Time Monitoring: Shifting from "post-hack alerts" to active circuit breakers that pause protocols automatically.

2- Institutional-Grade Risk Frameworks: Moving away from "move fast and break things" toward the rigorous risk management seen in TradFi.

3- Enhanced Auditing Standards: A rethink of how $BNB and $SOL ecosystem projects verify their security layers before launch.


๐Ÿ’ก The Bottom Line
For DeFi to survive the arrival of big banks, security cannot be an afterthought. This $292M lesson is forcing a "Great Reset" in how we perceive risk on-chain.

#writetoearn #defi #CryptoSecurity #Hack #blockchain
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Bullish
$NAORIS ** is showing a strong bullish reversal on the 4-hour chart, currently gaining over 28% as it bounces back from recent support levels. After a period of healthy correction, the price has regained momentum with a sharp vertical move, supported by a 24-hour trading volume of over 57 million USDT. This indicates that buyers are aggressively stepping in to defend the trend. The current price action is approaching recent highs, and a successful break above the 0.13576 level could trigger a fresh wave of price discovery. As long as the bulls maintain control of the 0.12000 support zone, the trend remains decidedly positive for further upside targets. Target 1: 0.14800 Target 2: 0.16500 Target 3: 0.18200 #NAORIS #CYBER #HACK #Security #CryptoTrading #Altcoins #Bullish {alpha}(560x1b379a79c91a540b2bcd612b4d713f31de1b80cc)
$NAORIS ** is showing a strong bullish reversal on the 4-hour chart, currently gaining over 28% as it bounces back from recent support levels. After a period of healthy correction, the price has regained momentum with a sharp vertical move, supported by a 24-hour trading volume of over 57 million USDT. This indicates that buyers are aggressively stepping in to defend the trend. The current price action is approaching recent highs, and a successful break above the 0.13576 level could trigger a fresh wave of price discovery. As long as the bulls maintain control of the 0.12000 support zone, the trend remains decidedly positive for further upside targets.
Target 1: 0.14800
Target 2: 0.16500
Target 3: 0.18200
#NAORIS #CYBER #HACK #Security #CryptoTrading #Altcoins #Bullish
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Bullish
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Bearish
๐Ÿšจ2026 Hacking and it's exploited amount...๐Ÿคฏ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ #Hack
๐Ÿšจ2026 Hacking and it's exploited amount...๐Ÿคฏ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ

#Hack
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๐Ÿฅท PeckShieldAlert: A hack of over $5 million occurred in the Wasabi #Protocol across multiple networks: Ethereum, Base, Berachain, and Blast. #hack #crypto
๐Ÿฅท PeckShieldAlert: A hack of over $5 million occurred in the Wasabi #Protocol across multiple networks:

Ethereum, Base, Berachain, and Blast. #hack

#crypto
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๐Ÿค” #Arbitrum Security Council Member: Circle Is Clearly Not Full of Good Men #Arbitrum Security Council member Griff Green criticizes Circle for not taking action against hacker threats, contrasting it with Tether's proactive approach in freezing hacker funds. He argues that Tether is composed of traditional #crypto natives who prioritize early #crypto #crypto es, while Circle, backed by Goldman Sachs, is primarily focused on profitability. Green suggests that the community may need to sell off $USDC to compel these institutions to respond to hacker threats. #hack #crypto
๐Ÿค” #Arbitrum Security Council Member: Circle Is Clearly Not Full of Good Men

#Arbitrum Security Council member Griff Green criticizes Circle for not taking action against hacker threats, contrasting it with Tether's proactive approach in freezing hacker funds. He argues that Tether is composed of traditional #crypto natives who prioritize early #crypto #crypto es, while Circle, backed by Goldman Sachs, is primarily focused on profitability. Green suggests that the community may need to sell off $USDC to compel these institutions to respond to hacker threats. #hack

#crypto
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#AftermathFinanceBeach | Latest in DeFi Aftermath Finance just took a hit with an exploit in their perpetual futures protocol on the Sui network. ๐Ÿ” According to recent reports, the attacker made off with around $1.1 million in USDC in just 36 minutes through multiple transactions. ๐Ÿ’ธ Binance โš ๏ธ The issue stemmed from a vulnerability in the fee calculation system during liquidation processes, allowing the attacker to rake in unjust profits. ๐Ÿ’ฐ Binance +1 ๐Ÿ’ก This raises concerns again about the risks in the DeFi ecosystem, especially with complex protocols like derivatives. ๐Ÿ“‰ Do you think DeFi is ready to fend off these attacks, or is it still lacking maturity in security? ๐Ÿ‘‡ Iโ€™m all ears in the comments #CryptoNews #DeFi #BinanceSquare #Hack $SUI {spot}(SUIUSDT) #SuiNetwork #USDC
#AftermathFinanceBeach | Latest in DeFi
Aftermath Finance just took a hit with an exploit in their perpetual futures protocol on the Sui network.
๐Ÿ” According to recent reports, the attacker made off with around $1.1 million in USDC in just 36 minutes through multiple transactions. ๐Ÿ’ธ
Binance
โš ๏ธ The issue stemmed from a vulnerability in the fee calculation system during liquidation processes, allowing the attacker to rake in unjust profits. ๐Ÿ’ฐ
Binance +1
๐Ÿ’ก This raises concerns again about the risks in the DeFi ecosystem, especially with complex protocols like derivatives.
๐Ÿ“‰ Do you think DeFi is ready to fend off these attacks, or is it still lacking maturity in security?
๐Ÿ‘‡ Iโ€™m all ears in the comments
#CryptoNews #DeFi #BinanceSquare #Hack $SUI
#SuiNetwork #USDC
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๐Ÿฅท #SYND Syndicate announced the hack of the Commons bridge. #hack #crypto
๐Ÿฅท #SYND Syndicate announced the hack of the Commons bridge. #hack

#crypto
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๐Ÿšจ ZETACHAIN: TEAM IGNORED WARNING BEFORE $334K HACK! ๐Ÿ›‘๐Ÿ’ธ ๐Ÿ’ฅ THE INCIDENT: It has been revealed that the team DISMISSED a bug report before the exploit happened! ๐Ÿšจ๐Ÿ™ˆ Hackers managed to drain approximately $334,000 from the protocol. ๐Ÿ“„ THE POSTMORTEM: The official report points out the critical failure in communication and security checks. They missed the red flag that could have prevented the loss entirely! โš ๏ธ๐Ÿ” โš ๏ธ LESSON: Even big projects can fail if they don't listen to security alerts! ๐Ÿ›ก๏ธ๐Ÿ“‰ $ZETA #ZetaChain #Hack #Security #BugBounty #PostMortem
๐Ÿšจ ZETACHAIN: TEAM IGNORED WARNING BEFORE $334K HACK! ๐Ÿ›‘๐Ÿ’ธ

๐Ÿ’ฅ THE INCIDENT:
It has been revealed that the team DISMISSED a bug report before the exploit happened! ๐Ÿšจ๐Ÿ™ˆ
Hackers managed to drain approximately $334,000 from the protocol.

๐Ÿ“„ THE POSTMORTEM:
The official report points out the critical failure in communication and security checks.
They missed the red flag that could have prevented the loss entirely! โš ๏ธ๐Ÿ”

โš ๏ธ LESSON:
Even big projects can fail if they don't listen to security alerts! ๐Ÿ›ก๏ธ๐Ÿ“‰
$ZETA
#ZetaChain #Hack #Security #BugBounty #PostMortem
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Bullish
๐Ÿ” McDonald's Memecoin Hack: Cyber โ€‹โ€‹Thieves Steal Around $700,000 in Solana In an unexpected twist, on August 21, scammers hacked McDonald's official Instagram account, using the fast food giant's platform to sell a fake memecoin based on the Grimace mascot. The hackers managed to raise over $700,000 in Solana before the scam was discovered. ๐Ÿ’€ The Grimace Memecoin Scam ๐Ÿ‘พ Taking advantage of McDonald's Instagram page, with 5.1 million followers, the hackers promoted the fake Grimace token as a "McDonald's experiment on Solana." This tactic quickly caught the attention of the crypto community, causing the token's market cap to jump from a few thousand dollars to $25 million in just 30 minutes. ๐Ÿ“Š Pump & Dump The crooks had already secured 75% of the Grimace token supply using the Solana memecoin implementer pump.fun. They then distributed these tokens across 100 different wallets. As the token's value increased, the hackers began selling their holdings, causing the token's price to drop to $650,000 in just 40 minutes. ๐Ÿ’ธ The Payout In total, the crooks made off with around $700,000 worth of Solana from this pump and dump scheme. They even edited McDonald's Instagram bio to boast about their success, writing: "Sorry India_X_Kr3w just scammed you, thanks for the $700,000 worth of Solana." โš ๏ธ Aftermath The posts and bio were eventually restored, and McDonald's issued a statement acknowledging the hack as an "isolated incident." This incident is a reminder of the dangers in the cryptocurrency world, where even well-known brands can be used to facilitate scams. #scam #hack #Solanaโฉ $SOL #RiskManagement {spot}(SOLUSDT)
๐Ÿ” McDonald's Memecoin Hack: Cyber โ€‹โ€‹Thieves Steal Around $700,000 in Solana

In an unexpected twist, on August 21, scammers hacked McDonald's official Instagram account, using the fast food giant's platform to sell a fake memecoin based on the Grimace mascot. The hackers managed to raise over $700,000 in Solana before the scam was discovered.

๐Ÿ’€ The Grimace Memecoin Scam ๐Ÿ‘พ

Taking advantage of McDonald's Instagram page, with 5.1 million followers, the hackers promoted the fake Grimace token as a "McDonald's experiment on Solana." This tactic quickly caught the attention of the crypto community, causing the token's market cap to jump from a few thousand dollars to $25 million in just 30 minutes.

๐Ÿ“Š Pump & Dump

The crooks had already secured 75% of the Grimace token supply using the Solana memecoin implementer pump.fun. They then distributed these tokens across 100 different wallets. As the token's value increased, the hackers began selling their holdings, causing the token's price to drop to $650,000 in just 40 minutes.

๐Ÿ’ธ The Payout

In total, the crooks made off with around $700,000 worth of Solana from this pump and dump scheme. They even edited McDonald's Instagram bio to boast about their success, writing: "Sorry India_X_Kr3w just scammed you, thanks for the $700,000 worth of Solana."

โš ๏ธ Aftermath

The posts and bio were eventually restored, and McDonald's issued a statement acknowledging the hack as an "isolated incident." This incident is a reminder of the dangers in the cryptocurrency world, where even well-known brands can be used to facilitate scams.

#scam #hack #Solanaโฉ $SOL #RiskManagement
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