PANews
PANews|Apr 30, 2026 00:10
[SWEAT Protocol Thwarts Multi-Million Dollar Attack, User Balances Restored] According to The Block, the Sweat Economy's SWEAT token contract was exploited on Wednesday, with attackers draining multiple foundation accounts within 30 seconds, gaining control of approximately 13.71 billion SWEAT (around 65% of the total supply, valued at roughly $3.5 million at the time). The SWEAT team swiftly paused the token contract and contacted MEXC and Rhea Finance, the platforms used by the attackers to liquidate funds. MEXC froze the attackers' accounts, and Rhea suspended SWEAT trading. Ultimately, all user funds were restored, and operations returned to normal. SWEAT plans to submit an incident report to law enforcement and conduct a detailed forensic analysis.
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