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Token of Power loses $1.58M in governance attack draining WETH from its liquidity pool.

Market News
09 Jun 2026
Crypto news
View Source
Bearish
pluang ai news

Token of Power (TOP), an Ethereum-based token, suffered a $1.58 million exploit through a governance-takeover attack on its TOP/WETH Balancer V1 liquidity pool. The attacker added many TOP tokens to the pool, then swapped them for 944.2 WETH, draining the pool's real Ethereum reserves. Stolen funds were later moved into Tornado Cash to obscure tracing. The incident leaves liquidity providers with devalued TOP tokens, and the project has yet to announce recovery or compensation plans. This follows a separate $36 million DeFi breach at Humanity Protocol, highlighting ongoing security risks in decentralized finance projects.

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