Web3 startup breach: Insider or AI error? Hundreds of thousands in USDT stolen

28-4-2025 – A Web3 startup has fallen victim to a sophisticated financial breach, resulting in the misappropriation of hundreds of thousands of USDT through its smart contract infrastructure. The security breach came to light when prominent crypto community figure Cat (@0xCat_Crypto) exposed a critical vulnerability stemming from a pre-authorised wallet address embedded within the project’s [. . source: https://www.cointrackdaily.com/web3-startup-breach-insider-or-ai-error-hundreds-of-thousands-in-usdt-stolen/