TesseraDAO (TSR) hack — June 2026

TesseraDAO's TSR token on BNB Chain was destroyed by an unauthorised mint on 1 June 2026. At 11:38:25 UTC an address with privileged rights over the token contract called the mint function for 99,000,000 TSR and sent them. The transaction, is visible on BscScan and shows the tokens issued from the null address. The newly created supply was sold into TSR's liquidity, which is where the loss fell. PeckShield put the proceeds at about $2.5 million in USDT; The Crypto Times, working from the same transaction cluster, gave a slightly lower figure of about $2.4 million. On-chain analyst Specter flagged the incident. TSR's market capitalisation fell roughly 99 per cent, from around $4 million to about $214,000, within hours. The proceeds were bridged from BNB Chain to Ethereum, where roughly 1,285.5 ETH was deposited into Tornado Cash, the mixer sanctioned by the US Treasury in 2022. The attacker's operating address. No funds have been recovered. Published accounts do not establish how the privileged mint capability was obtained. Reporting describes it variously as a compromised admin key, an ownership takeover, and abuse of the contract's minting logic, and none of the available sources rules out that the rights were exercised by someone already entitled to them. TesseraDAO has not issued a statement or a post-mortem, and no security firm has named a suspect.