Huo Xing Cai Jing reports, according to Cyvers Alerts monitoring, Token of Power was hacked, resulting in a loss of approximately $1.58 million. An address with funding originating from Tornado Cash executed a malicious transaction, draining funds from the TOP/WETH liquidity pool on Balancer V1. The stolen assets were subsequently transferred again to Tornado Cash for mixing.
Token of Power Hacked, Losing Approximately $1.58 Million
MarsBitShare
Summary
The Token of Power project suffered a hack, losing approximately $1.58 million in liquidity from a Balancer V1 TOP/WETH pool. A malicious transaction tied to Tornado Cash drained the funds, which were later sent back for mixing. The incident underscores the risks associated with liquidity management for altcoins. MarsBit reported the breach, which occurred via a suspicious address. Traders are now monitoring the project’s response and its potential impact on related altcoins.
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