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Solana Saga DAO Founder Faces $60K Inside Job Hack Accusations

Solana Saga DAO Founder Faces $60K Inside Job Hack Accusations

DailyCoinDailyCoin2024/01/24 22:41
By:DailyCoin
  • Solana Mobile fan club founder zkRedDevil is accused of staging a Saga DAO hack.
  • The founder alleged that an attacker siphoned off multiple hundreds of SOL.
  • The DAO community has called for justice and the refund of the stolen SOL.

Crypto hacks and scams have been a major concern for the industry as the unrelenting wave continues to challenge the ecosystem’s stability. On Wednesday, January 24, the founder of the sell-out Solana Saga mobile DAO announced that he fell prey to a “remote” hack, resulting in the loss of 750 SOL, valued at nearly $60,000.

In a surprising twist, emerging evidence suggests otherwise, pointing to the potential of a personally orchestrated hack with intentions to defraud the ecosystem.

Saga DAO Hack Inside Job?

Following a Wednesday tweet detailing a supposedly devastating cyberattack by zkRedDevil, the founder of the Solana Saga Mobile DAO, X user Metapozza unveiled proof that the fan club founder may have redirected the funds for personal gain.

Metapozza’s allegations hinge on the observation that the account receiving the pilfered 750 SOL from the Saga DAO hack is linked to zkRedDevil, as indicated in a previous tweet by the fan club founder.

Proof that @zkRedDevil did an inside job by stealing 60k from @SagaMobileDAO treasury:

Tx that moved 750 Sol from solanasagadao.sol -> https://t.co/FNHamI2gkQ

Wallet that received it -> GWq1m3qMjYZDD9FdY9GUmsT8CkXdysWgpqZ5obDx5B3o

Post on X from him -> https://t.co/QqLavH05MD

— Metapozza (@metapozza) January 24, 2024

While the claims remain unproven, they have rapidly spread among community members, prompting demands for the refund of the stolen assets and the enforcement of justice.

zkRedDevil promptly denied the allegations, asserting that the fund loss resulted from his mistakes and a security lapse, which also impacted his personal funds.

Find out how to stay safe from SIM swapping and similar crypto scams:
How to Prevent a SIM Swap Attack as SEC Falls Prey
Read more about the Ethereum ETF and the likelihood of approval:
Ethereum ETF: “Let Americans Decide” SEC Commissioner Urges

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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