⚠️ TesseraDAO Hit by $2.5M Exploit on BNB Chain TesseraDAO, a decentralized project operating on BNB Chain, suffered a major exploit resulting in approximately $2.5 million in losses after an attacker minted millions of unauthorized TSR tokens and rapidly dumped them on decentralized exchanges. According to on-chain data, the exploiter minted roughly 99 million $TSR tokens directly from the contract’s null address before immediately swapping the assets for USDT. The massive sell pressure triggered a near-total collapse in the token’s price, wiping out almost 99% of its market value within a short period. Liquidity in the TSR/USDT pools, primarily hosted on PancakeSwap, was almost entirely drained during the attack. Blockchain security firm PeckShield identified the attacker’s address as 0x2201037A1755eC48eC5f00Fea21A10A9E56f2Dd8. After the exploit, the stolen funds were bridged from BNB Chain to Ethereum and later laundered through Tornado Cash. At the time of writing, TesseraDAO has not released an official post-mortem report or detailed any recovery measures for affected users. The $TSR token remains down more than 99%, while official liquidity pools continue showing extremely low liquidity levels. The incident follows a growing pattern of exploits across BNB Chain involving compromised administrative permissions and weak contract governance controls. Security researchers have repeatedly warned that DeFi projects with concentrated admin authority and shallow liquidity pools remain especially vulnerable to minting exploits and liquidity-draining attacks. The TesseraDAO case once again highlights the governance and security risks facing smaller DeFi ecosystems, particularly projects lacking strong auditing practices and decentralized operational safeguards. Disclaimer: This information is based on on-chain data and reports from PeckShield. It does not constitute financial or investment advice.