Keeping permissions on hot wallets, instead of multisigs is major negligence.
Security Update 🚨 Recently, attackers gained access to a personal device and compromised certain Degen hot wallets previously used for smart contract deployments. Here is everything you need to know 👇 Before major harm could occur, we secured and transferred ownership of all deployed contracts, including the Degen airdrop, LayerZero contracts, and other critical deployments. Unfortunately, the attackers were able to steal roughly $300k worth of locked AERO and $200k from our Solana Degen pool. WHAT’S SECURE Our treasury (the most critical piece), All deployment wallets (migrated to new infrastructure), and our social accounts. STEPS WE’VE TAKEN Since then, we’ve moved all operational funds and deployments to hardware wallets, brought in top security experts to reinforce every layer, and tightened protections across devices, emails, and infrastructure. COMMUNITY IMPACT For the community, nothing changes. Degens can continue using products as usual. Your holdings are safe, and the ecosystem remains intact. One important note: any posts, emails, or messages that appeared between 6pm and 8pm (Poland time) yesterday did not originate from our team. We want to be clear that communications during that window should not be trusted. Please stay extra cautious of phishing and fake accounts in the coming days. This is a tough moment, but far from the end of the world. We’re committed to learning from this, closing every gap, and continuing to build a stronger, more secure future for the Degen community. The hat stays on. 🎩
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