Shredded Apes LP drained, 78M tokens liquidated

by Jeremy

Shredded Apes introduced on Feb. 1 that its essential pockets containing royalties and the native token (WHEY) was breached.

The official Shredded Apes defined that every one funds had been transferred to “‘EgnTKUUsN1nyq4ap7hK9VSqSettH6T4gvLvdj3spneCg‘ about 2-3 hours in the past,” on the time.

“I used to be simply notified by one among my crew members that our LP obtained drained. Our essential pockets containing all of our royalties and $WHEY obtained breached.”

Roughly 78 million WHEY tokens had been transferred to the Shredded Apes royalties pockets the week of Jan. 23, throughout token migration to Mintinglab V2.

All the 78 million tokens had been liquidated, based on the official Shredded Apes twitter thread.

Investigating the breach

Shredded Apes stated that it’s at the moment “working with a number of individuals to trace down what triggered this breach.”

“Nobody on the crew had entry to our essential pockets asides from @chube_sagc and myself (@Pengucci_). This pockets by no means accredited any transactions besides from Magic Eden, our personal staking web site and webshop.”

Shredded Apes stated to holders of the WHEY token — and up to date WHEY consumers — to not purchase or promote their holdings proper now.

“We’ll take a snapshot of all wallets containing $WHEY quickly and can include a plan of motion.”

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