On 6th January 2024, the XKingdom_Tech project stole community funds and deleted their website and all social media presence. In total, the XKingdom_Tech exit scam led to $1.2 million in losses making it one of the largest exit scams we have seen over the past few months. The stolen funds were bridged to Ethereum and deposited into Tornado Cash.
On 16 January 2024, Socket Tech was exploited by EOA 0x50df for approximately $3.3 million. The attacker took advantage of a vulnerability within the performAction function of a newly deployed contract which has an incomplete user input validation. Users who had approved the vulnerable SocketGateway contract had their funds stolen stolen. From this attack there were 230 wallets that lost funds with the biggest victim losing $656k USDC.