TSD Contract Vulnerability: $7.10M Reported Loss
A cross-chain stablecoin (TSD) on ETH and BSC stated that malicious attackers used TSD DAO to mint 11.8 billion TSD tokens in their accounts and sold them all on Pancakeswap.
- Reported loss
- $ 7,095,340
- Attack category
- Contract Vulnerability
Incident Overview
The specific process is that True Seigniorage Dollar stated that the developer account only has 9% of the DAO, and the malicious attacker has gradually controlled 33% of the DAO with the accumulation of low prices, and then proposed an implementation plan and voted in favor. In the implementation, the attacker added code to Mint and minted 11.8 billion TSDs for himself.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.