Private Key Instead of Contract Address: Mika's Memecoin Drained in 81 Seconds

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Influencer Mika posted the private key of her dev wallet instead of the contract address. 81 seconds later, 500 million MIKA were gone, sold for 376.9 SOL. The on-chain timeline, the nonce trick and the relaunch less than half an hour later.Add as a preferred source on GoogleFollow on Google NewsMemecoin influencer Mika posted the private key of her dev wallet on X on Wednesday evening, instead of the contract address of her new coin Free Mika (MIKA). The key went public at 17:40:09 UTC, and with it anyone could empty the wallet. 81 seconds later, 500.4 million MIKA had been pulled out, half of the entire supply, and seven seconds after that they were sold for 376.9 SOL, roughly $38,000. The price fell 99%. Every one of these steps is public on the Solana blockchain, and the timeline below links each transaction. Mika goes by @mikadontlouz on X, has 126,600 followers and is a well-known voice from the so-called trenches. That is what the scene calls the corner of Solana where th...