Sweat Foundation Smart Contract Vulnerability: $3.50M Reported Loss

Incident Overview

An attacker drained approximately 13.71 billion SWEAT tokens (about 65% of total supply) from multiple foundation-controlled accounts within roughly 30 seconds, resulting in a loss of about $3.5 million. The attacker exploited a vulnerability in the SWEAT token contract using a custom drainer contract, then attempted to liquidate and bridge the funds via Ref Finance and Wormhole. The team quickly paused the contract, coordinated freezes with MEXC, and restored all external user balances.

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