A decentralized exchange liquidity pool has once again been precisely targeted, with a huge sum of funds disappearing. On October 8, on-chain analytics firm Bitquery disclosed that the liquidity pool for 79AU, a token from the 79thVault project on PancakeSwap, was drained on October 7. Two wallets cashed out approximately $14.35 million in $USDT by selling off the tokens. Curiously, nearly 80% of the pool’s liquidity tokens had already been burned, which should, in theory, have made it quite safe. However, the contract contained a hidden permission that allowed tokens to be transferred directly out of the pool without payment. The attackers then swapped those tokens back for $USDT and pocketed the proceeds. This case once again demonstrates that “liquidity locked” does not mean funds are safe.

(Source: X)

⚠️ Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

#DeFi #Security