$2.5M Drained From TesseraDAO After Ownership Takeover Attack

TesseraDAO loses about $2.5M after 99M TSR tokens are minted and dumped, sending TSR down 99% on BNB Chain.

TesseraDAO, a project on BNB Chain, faced a token exploit that caused a sharp TSR price collapse.

Blockchain security trackers said the attacker minted 99 million TSR tokens and sold them for about $2.5 million. The funds were later moved across chains and sent through Tornado Cash.

TesseraDAO Token Exploit Hits BNB Chain

Blockchain security tracker Specter reported the TesseraDAO exploit on BNB Chain.

The firm said the attacker minted 99 million TSR tokens after gaining control linked to ownership access.

The incident was later shared across crypto security channels. The newly minted TSR tokens were sold into the market soon after the attack.

That sale placed heavy pressure on the token price. As a result, TSR fell by about 99%.

The reported theft address was 0x2201037A1755eC48eC5f00Fea21A10A9E56f2Dd8.

On-chain monitors linked the address to the mint and token sale. They also tracked later fund movements from the BNB Chain.

The attack drew attention because ownership access can affect token contracts.

When such access is abused, large token mints can follow. That can quickly damage market prices and holder balances.

Attacker Swaps TSR for USDT

Specter said the exploiter swapped the minted TSR tokens for about 2.5 million USDT.

Other reports placed the stolen value near $2.4 million. The figures refer to funds gained after the token dump.

After the swap, the attacker bridged the stolen funds to Ethereum. This step moved the value away from the BNB Chain.

It also made tracking depend on cross-chain transaction records.

The TSR price drop followed the large sell-off after the mint. Such selling can drain liquidity and weaken market confidence.

In this case, the token lost nearly all recorded value. TesseraDAO had not provided a full public response in the supplied reports.

Traders and holders were left watching on-chain updates. Security firms continued tracking the exploit-linked wallet activity.

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Tornado Cash Receives Stolen Funds

After reaching Ethereum, the exploiter began moving funds through Tornado Cash.Specter reported that the attacker had already laundered 1,285.5 ETH through Tornado Cash. Security trackers linked those transfers to the TesseraDAO exploit. Tornado Cash is often watched by security firms after major crypto thefts.

The service can make fund tracing harder for exchanges and investigators. However, public blockchain records still show deposits from linked wallets.

PeckShield also reported Tornado Cash activity linked to the UXLINK exploiter. The firm said around $7.1 million had been deposited so far.

That activity was separate from the TesseraDAO case. The TesseraDAO attack adds to recent security concerns across decentralized finance.

The case involved a token mint, a market dump, and cross-chain transfers. Further details may come from TesseraDAO, exchanges, or security trackers.

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