The tables were turned on memecoin scammers today as DogWifTools, a token bundling tool commonly used for malicious memecoin launches, was exploited and drained millions from its users. The exploit extended beyond just hot wallets, as the malicious actors infiltrated users' devices, stealing funds from hot wallets, cold wallets, and even centralized exchanges, leading to more than $10 million being stolen overall. DogWifTools is used to bundle token launches and automate market-making. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io