Stake DAO Exploit: Audits Mean Nothing When Keys Get Jacked
Stake DAO got hammered on Arbitrum, not by bad code, but by a compromised deployer key. Trillions of fake tokens were minted and dumped, proving audits are just window dressing if operational keys are left exposed.
Stake DAO just got rinsed on Arbitrum. The attacker didn't find a smart contract bug; they nabbed a deployer key. This allowed them to mint a ludicrous 5.4 trillion fake tokens and swap them for ETH. Every audit in the world means squat when the keys to the kingdom are compromised.