unfolded.
unfolded.|Apr 29, 2026 21:50
SWEAT thwarts $3.5M exploit via rapid response. Attacker exploited a vulnerability in the Near-based SWEAT token contract at 13:36 UTC, draining top 100 holder accounts and controlling 13.71B tokens (65% supply, ~$3.5M) within 30 seconds. Blockaid detected it; team paused the contract and coordinated with MEXC (froze account) and Rhea Finance (paused trading). All external balances restored, operations normalized. Upside: Real-time collaboration and circuit-breaker pause prevented loss. Risk: Exposed contract flaw in move-to-earn protocol. Alpha: Highlights maturing DeFi containment speed amid larger hacks; post-mortem could expose Near-specific patterns. What-if: standardized "pause-first" mechanics shift security from prevention to rapid rollback, undervalued resilience signal.(unfolded.)
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