PeckShield Says TesseraDAO's TSR Was Mass-Minted and Dumped, With $2.5 Million Stolen
Summary
- PeckShield said it had warned of a security incident involving TesseraDAO's TSR token.
- The attacker minted and sold about 99 million TSR, sending the token down 99%%.
- The attacker swapped the minted TSR for about 2.5 million USDT and then laundered the funds through Ethereum, Tornado Cash, and 1,285.5 ETH.
Forecast Trend Report by Period
Blockchain security firm PeckShield warned of a security incident involving TesseraDAO's TSR token. The attacker minted a large amount of TSR, sold it, and then moved the stolen funds to Ethereum for laundering.
On June 2, PeckShield wrote on X that on-chain analyst Specter 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 sequence of mass minting, an immediate selloff, cross-chain transfers, and laundering through a mixing service. The specific vulnerability behind the attack and the scale of any additional losses have not been disclosed.
