Security researchers reported that an exploiter minted 99 million TSR tokens and rapidly sold them on BNB Chain, causing the token’s price to fall by about 99%. The attacker allegedly exchanged the minted tokens for roughly $2.5 million in USDT, then bridged the funds to Ethereum. According to on-chain data, 1,285.5 ETH has already been moved through Tornado Cash, complicating tracking efforts. The incident matters because it highlights potential vulnerabilities in token minting controls. Investigators and the project team are expected to focus on tracing remaining funds and assessing the exploit’s root cause.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Hyperliquid (HYPE) price traded at $52.06 at press time, down nearly 1%, while daily…
The Mantle ecosystem is expanding in a direction that its token price simply isn't reflecting.…
ALGO price has spent most of the past two months on the defensive, sliding roughly…
Strategy, formerly known as MicroStrategy, endured a bruising second quarter, yet the company wasted little…
Stablecoin demand is showing signs of weakening even as Bitcoin continues to trade above $60,000.…
Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to…
