Tapioca DAO has suffered a social engineering attack. This enabled the attacker to compromise the TAP token vesting contract’s ownership which allowed the attacker to claim and sell this 30M vested TAP, which impacted the TAP/ETH DAO owned LP. The attacker then also comprised the USDO stablecoin contract’s ownership and added a minter to infinite mint USDO and drain the USDO/USDC LP pair. In total, 591 ETH & 2.8M USDC were stolen.
molly
commented
1 month ago
Date
10/18/2024
Description
Tapioca DAO has suffered a social engineering attack. This enabled the attacker to compromise the TAP token vesting contract’s ownership which allowed the attacker to claim and sell this 30M vested TAP, which impacted the TAP/ETH DAO owned LP. The attacker then also comprised the USDO stablecoin contract’s ownership and added a minter to infinite mint USDO and drain the USDO/USDC LP pair. In total, 591 ETH & 2.8M USDC were stolen.
Links
https://x.com/tapioca_dao/status/1847330264139145361
Agreement
Attribution name
Aboo ba Kah
Personal link
https://genseynft.shop/blog/