PANews reported on October 24 that according to the official announcement of the Tapioca Foundation, on October 19, Tapioca DAO suffered a social engineering attack, resulting in the theft of funds worth $4.7 million. The team had offered a $1 million bounty to the hacker in exchange for the remaining $3.7 million, and set a deadline of 4 pm UTC on October 22. As the deadline has passed and no response has been received, the proposal is now invalid.

The Tapioca Foundation is currently working with law enforcement agencies and multiple security teams, including ZeroShadow, Seal911, and the BNB Smart Chain team, as most of the stolen funds are still on the chain. Tapioca is now offering a 10% reward for any individual who can provide clues or take actions to help recover the funds. Relevant information can be sent to tapiocaahack@protonmail.com.