Social token platform Roll hacked for $5.7 million
Private keys for hot wallets on the Roll network were compromised, allowing the theft of around $5.7 million from various "social tokens". "Friends With Benefits", an a16z-backed DAO with an associated token that allows those who are approved by the DAO and can afford the ~$8,000 entrance fee access to exclusive parties, was one of the tokens affected, and it tanked in value by about 96%. Roll apologized and announced a fund to help those affected, though the $500,000 fund was only a small fraction of the money lost.