CRYPTO ROAST

🤎 0G Labs Reward Contract Drained via Emergency Function 🟠Monitoring systems flagged abnormal withdrawals tied to the 0G Labs reward contract, shortly followed by deposits into Tornado Cash. This wasn’t a bug — it was a privileged function being used exactly as designed… just in the wrong hands. 🟠An attacker executed emergencyWithdraw(), a high-level admin function, and pulled out roughly 520,000 OG tokens (~$516K) to a single address before routing the funds through Tornado Cash. Clean exit, zero noise, classic playbook. 🟠This is the uncomfortable reminder nobody likes: when a contract has emergency or admin powers, security doesn’t end at audits — it ends at key management and access control. One compromised role is enough to drain everything without exploiting a single line of code. 🟠Mixing through Tornado immediately suggests there’s no intention to negotiate or return funds. This wasn’t an experiment, it was a cash-out. ⚠️ In DeFi, “emergency functions” are double-edged swords. They save protocols in crises — and kill them when governance or keys fail. No exploit needed, just permissions in the wrong place. 📱 Token Report (X) — your daily pulse on crypto and global markets