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79thVault Loses About $12.5 Million After 79AU Tokens Drained on BNB Chain

About 16,249 BNB was moved after 2.01 million 79AU tokens were drained from a PancakeSwap liquidity pool on Oct. 7.

Mentioned assets
A few metal tokens remain in a drained steel reservoir / TokenPost.ai
A few metal tokens remain in a drained steel reservoir / TokenPost.ai

79thVault lost about $12.5 million in a suspected private-key compromise on BNB Chain after an operator wallet moved 79AU tokens from its PancakeSwap liquidity pool to another address, where they were sold for BNB; Defimon Alerts classified the incident as a suspected private-key compromise or possible insider activity.

The wallet transferred 2.01 million 79AU tokens in seven transactions between about 3:25 and 4:25 a.m. ET (07:25–08:25 UTC) on Oct. 7. The tokens were sent from the 79AU/USDT pool to another address before being sold back through roughly 95 transactions.

The pool’s USDT reserves fell from about $15.2 million to $3.9 million. The transactions produced 16,249 BNB, worth about $12.5 million, which was sent to a separate address. The operator wallet transferred another 3.79 BNB to the same address 41 seconds later.

The 79AU contract included an OPERATOR_ROLE-only function that could move tokens from the pool and update its reserves. That permission was later revoked.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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