Shocking Insider Hack: Pond.fun’s Meme Coin Dreams Dashed! 😱💸

Ah, Pond.fun! A veritable oasis of meme coin aspirations, now sullied by the treachery of its very own chief software engineer! One can almost hear the echoes of laughter from the digital abyss as the news broke this morning, sending ripples of disbelief through the unsuspecting users.

In a most dramatic twist worthy of a theatrical farce, Pond.fun took to the grand stage of X to announce the calamity. “Beware!” they cried, “Do not engage with pond.fun in any manner, not even with the charming efrogs or the croaking websites!” Yet, in a stroke of irony, they assured the public that their Discord and Telegram channels remain as secure as a babushka’s secret borscht recipe. 🍲

1️⃣ has been hacked this morning. Do not interact with in any capacity. It appears the exploiter is a software developer on the team. Because of this, the efrogs and croak website are also at risk, pending…
— pond.fun (@ponddotfun) March 5, 2025

But what of the dastardly deed? The villain, in a fit of digital larceny, pilfered liquidity from Pond.fun’s smart contract and whisked the tokens away to the shadowy realms of Railgun—a privacy protocol that promises to cloak transactions like a magician’s cape. The total haul? A staggering 64.8 Ethereum (ETH), enough to make even the most stoic accountant weep. 💰

In a desperate bid to reclaim their dignity, Pond.fun has summoned the formidable forces of Chainalysis and Elliptic, those vigilant sentinels of blockchain analytics, to thwart the hacker’s escape. They aim to ensure that the stolen funds cannot pass the proof of innocence—because, of course, some centralized exchanges demand a certificate of good behavior before allowing withdrawals. How quaint! 🧐

This debacle echoes the recent misadventures of the stablecoin bank Infini, which also fell victim to an insider’s treachery. The developer, having retained admin rights, drained the funds through Tornado Cash (TORN) with all the finesse of a pickpocket at a crowded market. Infini is still grappling with the aftermath, having lost nearly $50 million—a sum that would make even the most hardened financier shudder. Certik has deemed it the second largest loss of February, a title that surely brings no joy.

2025-03-05 17:33

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