79thVault Loss Rises to $14.35M as Second 79AU Seller…

AI summary of the source article

An updated onchain reconstruction by Bitquery revealed that the suspected exploit of 79thVault was larger than initially reported, totaling approximately $14.35 million in USDT extracted from its PancakeSwap liquidity pool. An operational hot-wallet key was used to execute nine privileged transactions, removing 2.52 million 79AU tokens that were subsequently sold back into the pool by two seller wallets. The withdrawals reduced the pool's stablecoin reserves from about $15.2 million to $3.89 million. While 79thVault revoked the compromised wallet's permissions and offered a 10% bounty, the recipient counteroffered to keep 25%, leaving fund recovery and the cause of the credential compromise unresolved.

Why it matters

Remaining 79AU holders face a significantly thinner USDT exit pool, highlighting how privileged administrative functions can bypass liquidity protections and alter protocol economics.

Key facts

• Bitquery's reconstruction found nine privileged transactions that removed 2.52 million 79AU, draining roughly $14.35 million in USDT.
• The PancakeSwap pool's stablecoin reserves dropped sharply from about $15.2 million to $3.89 million.
• 79thVault offered a 10% bounty to recover funds, but the recipient wallet counterproposed retaining 25% and dropping legal action.