Shredded Apes LP drained, 78M tokens liquidated

Shredded Apes announced connected Feb. 1 that its main wallet containing royalties and the autochthonal token (WHEY) was breached.

The authoritative Shredded Apes explained that each funds were transferred to “‘EgnTKUUsN1nyq4ap7hK9VSqSettH6T4gvLvdj3spneCg‘ astir 2-3 hours ago,” astatine the time.

“I was conscionable notified by 1 of my squad members that our LP got drained. Our main wallet containing each of our royalties and $WHEY got breached.”

Approximately 78 cardinal WHEY tokens were transferred to the Shredded Apes royalties wallet the week of Jan. 23, during token migration to Mintinglab V2.

All of the 78 cardinal tokens were liquidated, according to the authoritative Shredded Apes twitter thread.

Investigating the breach

Shredded Apes said that it is presently “working with aggregate radical to way down what caused this breach.”

“No 1 connected the squad had entree to our main wallet asides from @chube_sagc and myself (@Pengucci_). This wallet ne'er approved immoderate transactions but from Magic Eden, our ain staking website and webshop.”

Shredded Apes said to holders of the WHEY token — and caller WHEY buyers — to not bargain oregon merchantability their holdings close now.

“We’ll instrumentality a snapshot of each wallets containing $WHEY soon and volition travel with a program of action.”

The station Shredded Apes LP drained, 78M tokens liquidated appeared archetypal connected CryptoSlate.