The news has highlighted the importance of heightened security and transparency in the DeFi space.
The potential leakage of the deployer address, the change of ownership, and leaks involving hackers withdrawing approximately 21 million through emergency rescue have raised concerns.
TAP tokens were then exchanged for 591 ETH and the suspicious address bridged the transfer of funds using Stargate, causing the TAP to fall by 93%.
BlockBeats News reports that as of October 18, Cyvers Alerts monitoring has detected multiple suspicious transactions related to TapiocaDAO.
