The 79thVault project on BNB Chain suffered a $12.5 million loss after an admin address with OPERATOR_ROLE was used without authorization, affecting nearly 10,000 holders. Security firm GoPlus Security found no multisig or timelock protections on the address, which executed seven privileged calls moving millions of tokens and converting proceeds into over 16,000 BNB. The project described the event as a system upgrade but has not clarified whether it was a hack or insider action, nor detailed the loss breakdown. Most stolen funds remain unmoved in a single address, and the incident raises questions about the project's security and transparency.
The 79thVault $12.5 million loss on BNB Chain is the story's focus, providing context for readers. For those tracking cryptocurrency markets, here is Pluang's snapshot as of Oct 08, 2026 20:13 WIB: out of 50 major cryptocurrencies, 22 rose and 27 fell. Notable moves include Basic Attention Token (BAT) up 4.05% with 96% sell order activity, VeChain (VET) down 3.70% with 75% buy order activity, and Solana (SOL) down 3.48% with balanced buy/sell orders at 50% each.
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