1 days ago
The tables were turned on memecoin scammers today as DogWifTools, a token bundling tool commonly used for malicious memecoin launches, was exploited and drained millions from its users. The exploit extended beyond just hot wallets, as the malicious actors infiltrated users` devices, stealing funds from hot wallets, cold wallets, and even centralized exchanges, leading to more than $10 million being stolen overall. DogWifTools is used to bundle token launches and automate market-making. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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