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TapiocaDAO Compromised: TAP Token Drops Over 95%

By admin On Oct 19, 2024

TapiocaDAO Compromised: TAP Token Drops Over 95%

In a shocking development within the decentralized finance (DeFi) sector, TapiocaDAO has reportedly been compromised, leading to a catastrophic decline in its native token, TAP. According to Solid Intel on X, the omni-chain lending protocol built on LayerZero has experienced a significant security breach, causing TAP to plummet by more than 95%. This incident has sent ripples through the crypto community, raising serious concerns about the security measures in place within DeFi platforms.

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