PeckShield Says TesseraDAO Exploit Minted 99 Million TSR, Stole 2.5 Million USDT
Summary
- PeckShield said it had flagged a security incident involving TSR, a token linked to TesseraDAO.
- The attacker sold 99 million TSR that had been minted, exchanged the tokens for about 2.5 million USDT, and then moved the funds to Ethereum.
- The token plunged 99%%, and 1,285.5 ETH in stolen funds was laundered through Tornado Cash.
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Blockchain security firm PeckShield flagged a security incident involving TesseraDAO-related token TSR. The attacker minted a large batch of TSR, sold the tokens and moved the stolen funds to Ethereum for laundering.
In a post on X on June 2, PeckShield wrote that on-chain analyst Spreek had reported about 99 million TSR were minted on BNB Chain roughly 19 hours earlier and then sold. The token subsequently plunged 99%.
PeckShield said the attacker swapped the minted TSR for about 2.5 million USDT. The funds were then bridged to the Ethereum network, where 1,285.5 ETH has already been laundered through Tornado Cash.
The incident involved a chain of mass minting, immediate selling, cross-chain transfers and laundering through a mixing service. The specific vulnerability behind the exploit and the scale of any additional losses have not been disclosed.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
