Incident Overview
The liquidity mining project Narwhal’s token experienced two considerable drops within a two day period leading to an overall slippage of approximately 99%. The project’s official X account @Narwhal_fyi, announced that they had experienced an exploit, but did not give any specific details. On-chain links suggest this incident was an exit scam. Approximately $1 million worth of funds were deposited into Tornado Cash with a further $410,000 sitting in two wallets.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.