Locked liquidity did not stop this $14 million crypto pool drain

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Locked liquidity did not stop this $14 million crypto pool drainWorldPing
Image via CryptoSlate.

What happened

Bitquery traced 79AU’s drain to token permissions that bypassed burned LP receipts, with residual rights documented on Oct.

Key facts

  • Bitquery traced 79AU’s drain to token permissions that bypassed burned LP receipts, with residual rights documented on Oct.
  • Reported by CryptoSlate and published Fri, 09 Oct 2026 14:40:46 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Sam Altman-backed bitcoin insurer Meanwhile secures $37.5 million in Bain Capital Crypto-led round

  2. Sam Altman-backed bitcoin life insurer Meanwhile raises $37.5 million round led by Bain Capital Crypto

  3. Ledger Investigating Reports of Drained Crypto Wallets as Estimated Losses Hit $86M

  4. Locked liquidity did not stop this $14 million crypto pool drain

  5. Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen

  6. Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses

  7. New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

Related WorldPing coverage