A crossover token launch between prominent crypto trader Kimchi and memecoin platform Pump Fun left users suspicious of a hack.
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Ethereum records show 1.4 million AUSD left a bridge adapter, while Agora says it has no smart contracts deployed on Initia.
Agora says it has no contracts on Initia; the targeted Ethereum account had already swapped 1.4 million AUSD for ETH.
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New York’s attorney general asked a court to order NovaTech’s founders, who fled the country, to pay about $1.37 billion, and settled with four top promoters for nearly $6 million.
Analyst Spreek estimated $2.6 million had been cashed out; Ethereum records show stablecoin swaps and a later 1,135.5 ETH transfer.
