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TESSERA on BNB Chain Exploited After 99 Million TSR Tokens Were Minted

The attacker sold the newly minted tokens for about $2.4 million, sending the proceeds to Tornado Cash (crypto mixing service), as TSR fell 99%.

BNB

Summary

TESSERA on BNB Chain (BNB Smart Chain network) was exploited after an attacker minted 99 million TSR tokens and sold them for roughly $2.4 million. The sale triggered a 99% drop in TSR, indicating severe dilution and market disruption from the unauthorized token creation. The stolen funds were then deposited into Tornado Cash (crypto mixing service), a protocol often used to obscure transaction flows on public blockchains. The input also states that the UXLINK attacker deposited about $7.1 million into Tornado Cash, pointing to continued use of privacy tools by exploiters after crypto thefts.

Terms & Concepts
  • Token minting: The creation of new tokens on a blockchain. If done without authorization, it can inflate supply and sharply damage a token’s price.
  • BNB Chain: A blockchain network associated with BNB, commonly used for smart contracts (self-executing blockchain code) and token issuance.
  • Tornado Cash: A crypto mixing service designed to break the on-chain link between sender and receiver, making fund tracing more difficult.