Jan 15, 2026
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Sonic Labs Recovers 5.8M S Tokens for Users After Beets Exploit
Sonic Labs has successfully recovered and redistributed 5,829,196 S tokens following a November exploit on the Beets platform. The recovery effort, which involved tracing transactions and collaborating with exchanges, concluded with affected users receiving their tokens through a verified claims process.
Details of the November Exploit
- The Beets platform, a decentralized exchange on Solana, was exploited due to a vulnerability in the Balancer protocol.
- Attackers drained funds from Beets and connected liquidity paths.
- Sonic Labs paused exposed contracts and tracked stolen tokens across multiple wallets.
Recovery Process
- Sonic Labs implemented a multi-phase recovery plan including transaction tracing and direct communication with wallet holders.
- Legal coordination and community reports aided in identifying wallets linked to the exploit.
- Recovered tokens were distributed via a claims portal, with smart contracts ensuring proper allocation based on verified losses.
S Token Price Analysis
- S token trades at $0.08522, a decrease of 5.6% over the past 24 hours.
- The price recently rebounded from the $0.071-$0.075 support zone.
- A breakout above $0.098-$0.10 could lead to a move toward $0.12.
- Failure to maintain above $0.08 may pressure the price back to $0.075, with $0.071 as the next target if that level is lost.
