Trader Frogman loses $4 million in Solana wallet drain on TOKEN2049 opening day
- —Losses totaled about $4 million across two Solana wallets
- —Largest holding was 1.43 million BP worth $1.77 million; second was 13.96 million MARSCOIN worth $1.55 million
- —Tokens were sold in four equal lots within nine minutes
- —Funds were swapped into ETH, BNB and SOL and routed through Privacy Cash and Chainflip
Why it matters: The incident highlights wallet key compromise risk: hackers stole $766.49 million in September 2026, with Q3 losses reaching $1.2 billion.
Source: Cryptopolitan