DogWifTools Exploit Sees $10M Vanish—Even Memecoin Scammers Aren’t Safe
Key Takeaways
- DogWifTools, a tool often used for fraudulent memecoin launches, was exploited.
- A scam against scammers led to over $10 million in stolen funds.
- New users continue to report wallet breaches, suggesting the attack is not over.
Scammers behind memecoin schemes became victims of their own tool, exploited to steal over $10 million from users.
As funds continue to drain, the crypto community has reacted with sarcasm, seeing it as a form of justice for those who used the tool for scams.
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Scammers Get Scammed
Social Media Troll Victims
Following the alleged attack, blockchain sleuths estimate that hackers drained over $10 million from users’ wallets.
Community reports suggest that DogWifTools required intrusive permissions, potentially allowing scammers to access sensitive data, including ID photos stored on victims’ devices.
The draining of funds is still ongoing, with new users reporting compromised wallets. A Discord user, prucel, said, “No one’s getting a refund. If you play a dirty game, you must be ready for something like this.”
Despite the losses, the crypto community on Twitter responded with sarcasm, given the nature of the compromised tool.
On-chain investigator ZachXBT remarked : “Hopefully the hackers leak an entire db with info of the users (scammers).“
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.