Meme Coin Attack Results in a $2M Loss, Exploiter Still Holds $1M Worth of Pepe’s Best Friend
**Meme Coin Attack Leads to Significant Financial Losses**
A coordinated attack on the WFTDAO finance project resulted in the theft of approximately $2 million. The exploiter took advantage of a vulnerability in the project’s codebase, leading to the loss of funds. The attacker still holds $1 million worth of the MEME token, which is known as “Pepe’s Best Friend.” The incident highlights the risks associated with investing in unproven and highly speculative digital assets.