• Shredded Apes announced on Feb. 1, 2023 that its main wallet containing royalties and the native token (WHEY) was breached by an unknown party.
• Approximately 78 million WHEY tokens were transferred to the Shredded Apes royalties wallet the week of Jan. 23 during token migration to Mintinglab V2.
• All of the 78 million tokens were liquidated, according to the official Shredded Apes Twitter thread.
Shredded Apes LP Drained
On February 1st, 2023, Shredded Apes announced that their main wallet containing royalties and the native token (WHEY) had been breached by an unknown party.
78 Million Tokens Liquidated
Approximately 78 million WHEY tokens were transferred to the Shredded Apes royalties wallet during a token migration to Mintinglab V2 in the week of January 23rd. All of these tokens were then liquidated due to the breach according to their official Twitter thread.
Investigation into Breach
Shredded Apes is currently working with multiple people in order to track down what caused this breach as no one on their team had access aside from two members: @chube_sagc and @Pengucci_. Furthermore, they warned holders of WHEY tokens and recent buyers not to buy or sell right now as a snapshot will be taken soon for all wallets containing $WHEY before any action plan is released.
As part of their investigation into the breach and subsequent liquidation, Shredded Apes has taken a snapshot of all wallets containing $WHEY which will help them come up with an action plan for holders and recent buyers of WHEYS tokens.
Action Plan Forthcoming
Once all relevant data has been gathered from their investigation into this breach, Shredded Ape will come up with an action plan which they will release soon afterwards for both holders and recent buyers of WHEYS tokens.