On-chain analyst ZachXBT criticized the security structure of the memecoin leveraged trading protocol Wasabi regarding the hacking situation, stating, "Why did a single Externally Owned Account (EOA) have such authority without basic safeguards?" He also added that project funds were squandered on influencer marketing, including KOL Kook. Previously, Web3 security firm CertiK disclosed the hacking situation, and Wasabi announced via X, "We are aware of the issue and are investigating, urging users not to interact with the contract until further notice." The estimated damage to Wasabi is approximately $5.5 million.
