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48 Club: Backend Logic Error Causes Users to Mistakenly Receive 1,807 KOGE, Approximately $86,736 USD

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#DeFi
$BNB
ChainCatcher
383Words
Jul 7, 2025

The KOGE team's 48 Club tweeted that due to a backend logic error, the first user to click to claim the reward mistakenly claimed the entire prize pool that was originally intended to be shared by 2,713 users, totaling 1,807 KOGE, worth approximately $86,736. Currently, the funds from the user's address have been transferred to Binance. "We hope that the user will contact us proactively. If you are willing to return some of the funds, we are willing to allow you to keep 50% as a bug bounty, thank you for your white-hat behavior. If we do not receive a response from the user, the address will not be able to participate in the KOGE trading competition again until 2,713 weeks (approximately 52 years) at the earliest." [ChainCatcher]

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