$15.18 million caused a 75% drop, unlocking contracts and turning into a cash machine. Is on-chain security auditing just a show?

ME News Message: On May 28, according to Yu Jin monitoring, 14.98 million GUA tokens were sold from the unlock contract. The market value was approximately $15.18 million, with the price falling by about 75%. The funds were ultimately converted into 2,784 ETH and stored in three wallets. The project team said this unlock was a hacker attack, and that the fund flow matched the first and last four digits of the hacker address to the expected address. Previously, Superfortune also confirmed a security incident, saying the multi-signature transaction address had been tampered with (source: PANews).