Todayan hour ago
Project update
Sweat Economy Suffers $2.5M Exploit on NEAR
Sweat Economy, a move-to-earn project on NEAR, was hit by an active exploit, with the attacker reportedly controlling up to 17.7B SWEAT tokens and draining around $2.5M.
What is known so far. The attacker used a custom Rust-based drainer contract to move funds through Ref Finance, swapping part of the assets into NEAR and USDC before splitting them across multiple addresses.
Security firm Blockaid issued a public alert during the exploit, while onchain monitors warned the drained amount could represent a major share of circulating liquidity, creating direct pressure on token supply and market stability.
No official figures have been confirmed by the team so far.
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