$1.58 Million Vanishes in Minutes: How a Tiny Token’s Governance Was Hijacked

A low-cap token’s weak safeguards enabled a swift takeover that exposed ongoing risks in DeFi voting systems. Blockchain security firms today reported a $1.58 million exploit on Token of Power ($TOP), where an attacker seized governance control, minted billions of tokens, and drained liquidity from a Balancer V1 pool. How the Attack Happened An address The post $1.58 Million Vanishes in Minutes: How a Tiny Token’s Governance Was Hijacked appeared first on BeInCrypto.