29 Apr 2026, 17:38
13.71 Billion SWEAT Tokens Drained In Seconds From Multiple Foundation Wallets In An Exploit Of Mass Penetration
The Sweat Economy ecosystem is facing a critical security breach after roughly 13.71 billion SWEAT tokens were suddenly withdrawn from multiple wallets controlled by the Sweat Foundation in seconds. The incident occurred suddenly on April 29, 2026 and represents one of the largest token extraction events in recent decentralized finance (DeFi) history. SWEAT Token Drop About 50% In A Month – Source: CoinMarketCap On-chain data shows that the attack occurred over a 30-second window starting at 13:36 UTC. In this time window, numerous wallets associated with the foundation were fully emptied to zero balances. What we observe in terms of speed and cooperation indicates a high level of planning and technical professionalism.The scale of the breach is especially worrying since the tokens were about 65% of total circulating SWEAT supply. The swift transfer of even this broad range of tokens from wallets it controls has raised alarm over the integrity of the Sweat Economy ecosystem & market stability. Community Alert: Ongoing exploit on @SweatEconomy on @NEARProtocol . Exploiter: 3be304b2151870b2be88b9de0b80acab921337ad152584138bd852fc6e9ae018 Largest exploit tx: DvrSMfY85Anc6AuLUmoEDkDdab7qX5NUZLu76HN8NoPn — Blockaid (@blockaid_) April 29, 2026 Customized Drainer Contract And Instant Transactions Attack Further analysis shows the attacker had employed a custom drainer contract designed specifically for this execution of the attack. According to reports, this contract associated with an “exploit-resolve” module built in Rust enabled rapid token extraction and transfer over multiple wallets. This attack was almost instantaneous, dissimilar from most exploits that happen over long periods of time. The fact that several wallets were drained at the same time, reflects a high degree of automation and evidence of pre-attack preparedness, which are quite different from opportunistic attacks. At the time of writing, blockchain records indicate that the attacker regained control over nearly 17.71 billion of the SWEAT tokens worth about 3.46 million US Dollars ($3.46 million). These figures also include assets traveling through the different stages of the exploit’s transaction pipeline. An in-depth analysis unpacks roughly $2.68 million kept within a mainset aggregation wallet, around $761,000 channeled through an intermediary staging address, and the residual, around $20m, previously exchanged into alternative assets like NEAR and USDC. Multiple Sweat Foundation accounts were drained to zero in a single ~30-second window starting 2026-04-29 13:36 UTC. Total extracted: ~13.71B SWEAT (~65% of supply). Funds are being routed via Ref Finance and Wormhole/Portal Bridge. The exploiter address is running a custom… — Blockaid (@blockaid_) April 29, 2026 Funds Funneled Through Ref Finance And Cross Chain Bridges The attacker then passed the stolen tokens through a number of DeFi channels, apparently to hide the source of original funds and make it more difficult to track. In particular, transactions went through Ref Finance, the largest DeFi based on the NEAR Protocol network. In addition to on-chain swaps, the attacker also used cross-chain bridges (such as the Wormhole / Portal Bridge) to move funds between heterogeneous blockchain ecosystems. Deploying this tactic disperses assets to various ledgers and jurisdictions, making it more difficult for forensic activities. Bridging protocols create tremendous complexity for investigators, since transfers across chains present both technical and legal hurdles. Fragmentation of asset trails hampers coordinated recovery and enforcement actions. However, all blocks and transactions are stored entirely in public databases known as block explorers, which allow one to follow wallets real time since blockchain is inherently transparent. Security firms and on-chain intelligence platforms are still tracking fund movements as the situation unfolds. Security Concerns As Community Is Waiting For The Reply The exploit has caused a stir in the DeFi community, mainly because of the size of the breach and because it specifically attacked wallets controlled by benevolent deeds performing entities. Notably, no official statements regarding the effect on user funds included in the data available as of press time, but the seriousness of the attack raises urgent concerns about whether sufficient security safeguards exist within the protocol. As investigations continue, community alerts have warned users to beware of contracts or marketplaces linked with the investigation. This incident points to the importance of continuous surveillance for anomalous activity on the network with a short notification time of investigator engagement and prompt incident response that is consistent in decentralized ecosystems. The immediate focus on Sweat Economy is containment, forensic investigation and regaining the confidence of its users and stakeholders. The mere loss of 99%+ of the supply in and out, is not something that tokenomics or a dynamic ecosystem can navigate well as it also dramatically increases the volatility risk profile over the long term. On a larger level, this incident highlights the ongoing weaknesses in DeFi infrastructures. As these platforms grow in size and complexity, both the incentives for attack and the means by which they can be successful also increase, making security a necessary shift from being considered a feature to being treated as an essential basis of existence within the blockchain environment. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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