On-chain analyst ZachXBT criticized the security structure of meme coin leverage trading protocol Wasabi in connection with the hack, questioning, "Why did a single Externally Owned Account (EOA) have such extensive authority without basic safeguards?" He also added that project funds were squandered on influencer marketing, including KOL Kook. Previously, Web3 security firm CertiK disclosed details of the hack, and Wasabi stated via X, "We are aware of the issue and are investigating. Please do not interact with the contract until further notice." The estimated damage to Wasabi is approximately $5.5 million.
