Locked liquidity did not stop this $14 million crypto pool drain
A Bitquery investigation found that the PancakeSwap pool for 79AU lost $14.35 million in USDT on Oct. 7 after two authorized wallets sold tokens. Although 79% of the pool’s liquidity-provider receipts had been burned, a privileged token permission still allowed 79AU to be removed without redeeming those receipts, then sold for USDT. Burning LP receipts blocks ordinary redemption of that share but does not disable swaps or revoke token permissions. At an Oct. 8 snapshot, read-only simulations showed the deployer and a newly authorized wallet could each remove about 95% of the remaining 79AU; another wallet retained 21% of LP receipts and ordinary redemption rights. Whether the exposure has ended depends on a fresh check of the transfer permission.
