Security researchers have reported an unusual surge in the issuance and subsequent dumping of TSR tokens on the BNB Chain, causing the price to plummet by approximately 99%. On-chain data indicates that attackers minted 99 million TSR tokens and then quickly sold them off, raising concerns about the project's minting authority and contract control.

99 million TSRs were illegally minted.

Public information shows that these abnormally generated tokens were subsequently exchanged for approximately $2.5 million worth of USDT. This massive sell-off impacted market liquidity in a short period, causing the TSR price to fall rapidly.

Such incidents typically indicate potential loopholes in token issuance or access control. Based on currently disclosed information, the focus is on whether minting controls were bypassed or whether related permissions were abused.

Funds transferred to Ethereum and entered the mixer

Researchers stated that the funds were transferred from BNB Chain to Ethereum after the exchange was completed. Further on-chain data shows that 1285.5 ETH were transferred via Tornado Cash.

Because coin mixers disrupt the flow of funds, this increases the difficulty of subsequent tracking and makes the whereabouts of remaining assets more closely watched. Currently, the focus is on confirming the scale of funds that have not yet been transferred and whether more related addresses can be identified.

The project team may investigate the minting authority.

Based on the information available, the subsequent investigation will likely focus on two directions: first, tracing the remaining funds, and second, identifying the root cause of the vulnerability. If the problem does indeed stem from minting authority or contract design, the project team will also need to assess whether there are any further risks.

This incident once again demonstrates that if token issuance authority lacks sufficient restrictions, attackers can create selling pressure directly through abnormal issuance and complete cash-out and cross-chain transfer in a short period of time.