Pond.fun, a Meme coin Launchpad on Linea, was hacked by its chief software engineer, Genesis, who stole liquidity from the smart contract and transferred 64.8 ETH to the privacy protocol Railgun. Users are advised to avoid interacting with Pond.fun's official website and related sites to prevent further security risks. Chainalysis and Elliptic have been engaged to ensure the hacker cannot pass the Proof of Innocence review, and investigations are ongoing with the Linea team.

PANews reported on March 5 that according to official disclosure by Pond.fun, the Meme coin Launchpad Pond.fun on Linea was hacked this morning. The attacker was the project's chief software engineer Genesis, who had stolen liquidity from the smart contract and sold tokens, transferring a total of 64.8 ETH to the privacy protocol Railgun.
 Pond.fun warns users to avoid interacting with its official website and efrogs and croak websites to prevent further security risks. At present, Chainalysis and Elliptic have been contacted to ensure that hackers cannot pass the Proof of Innocence (POI) review, and are working with the Linea team to investigate this incident.

Pond.fun's Chief Engineer Steals Liquidity and Transfers 64.8 ETH